Friday, April 25, 2014
IBC Bank and Commerce Bank Celebrate Seven Years Of Teaching Children
(April 25, 2014) Laredo, TX – For the seventh year, employees from IBC Bank and Commerce Bank are using their professional expertise to promote financial literacy in their communities through the company’s “Money Buzz” program. IBC began this corporate-wide initiative in 2007 to provide personal finance education to youth. IBC Bank and Commerce Bank partner with schools and community organizations throughout its Texas and Oklahoma footprint to host free Money Buzz classes as part of their effort to promote Financial Literacy Month and the American Bankers Association’s “Teach Children to Save Day.” Corporate-wide, the banks will reach more than 5,400 students during over 220 presentations at 61 schools and organizations from March through May in Texas and Oklahoma.
“The Money Buzz initiative tangibly demonstrates IBC’s ‘We Do More’ philosophy, as our employees invest time and resources to teach the children of our community basic financial concepts, “ International Bancshares Corporation Chairman Dennis Nixon said. “The financial literacy children gain today builds a foundation for them to become successful and responsible adults.”
“This effort is successful thanks to the collaboration of area schools and organizations that believe in the Money Buzz program and its ability to help establish healthy financial habits among students from kindergarten through eighth grade,” Commerce Bank President & CEO Ignacio Urrabazo added.
Money Buzz was developed by IBC under the direction of certified teachers and provides students fundamental lessons in financial literacy. IBC teaches the courses to elementary, middle and high school students, as well as local community groups. The lessons cover a range of financial concepts, and vary by age group, but include topics such as maintaining a check register, reconciling a bank statement, and calculating compounded interest earned. Materials for students are available at no cost on ibc.com. IBC Bank is a division of International Bancshares Corporation (NASDAQ: IBOC), a $12.1 billion multi-bank financial holding company headquartered in Laredo, Texas, with over 210 facilities and more than 320 ATMs serving 88 communities in Texas and Oklahoma. IBC Bank’s commitment to “Do More” reflects the bank’s dedication to the growth and success of both the customers and the communities it serves. Visit us on our YouTube channel, IBCBankWeDoMore. MEMBER FDIC / INTERNATIONAL BANCSHARES CORPORATION. More information is available at www.ibc.com