Friday, April 26, 2013
IBC Bank and Commerce Bank Celebrate Six Years of Teaching Children to Save
Money Buzz program offers more than 6,225 students
real-world financial management lessons
(April 26, 2013) Laredo, TX – For the sixth year, employees from IBC Bank and Commerce Bank are using their professional expertise to promote financial education 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 partnered with schools 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, more than 6,225 students at 52 schools and organizations will be reached during March through May throughout 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.
The Money Buzz program was developed by IBC under the direction of certified teachers and provides students fundamental lessons in financial literacy. Last year, IBC introduced a new set of lessons for middle school students covering financial concepts including maintaining a check register, reconciling a bank statement, and calculating compounded interest earned. Materials for students from kinder through eighth grade are available at no cost on ibc.com.
IBC Bank and Commerce Bank are members of International Bancshares Corporation (NASDAQ: IBOC), an $11.9 billion multi-bank financial holding company headquartered in Laredo, Texas, with 215 facilities and 339 ATMs serving 88 communities in Texas and Oklahoma. More information is available at www.ibc.com. Visit us on our YouTube Channel, IBCBankWeDoMore. MEMBER FDIC / INTERNATIONAL BANCSHARES CORPORATION.