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Tuesday, May 15, 2018
LAREDO, TEXAS (May 15, 2018) – Throughout April, IBC Bank-Laredo and Commerce Bank employees partnered with schools and community organizations to teach local students the fundamentals of financial literacy.
In Laredo, IBC Bank conducted 72 presentations and reached 1,438 students in April, while Commerce Bank conducted 13 presentations and reached 257 students. Throughout Laredo, both banks had the opportunity to teach the importance of real-life financial concepts, such as saving money and earning interest.
“The Teach the Children to Save initiative demonstrates IBC Bank’s ‘We Do More’ philosophy,” said Margarita Flores, IBC Bank vice president of corporate marketing. “Our employees use their professional expertise and resources to teach these students basic financial concepts. It’s a true investment in the future of our young people.”
IBC Bank officers hosted 37 fifth grade “Trailblazers” from Heights Elementary School for the bank’s first ever “Republic of Teach The Children To Save” event where they experienced real-life financial literacy scenarios. The event took place at the IBC Bank community suite.
Commerce Bank President and CEO Ignacio Urrabazo taught a financial literacy class to 5th grade students at Arndt Elementary School and was joined by their school principal Juanita Zepeda.
“Seeing the curiosity on the faces of the children was gratifying as they learned about the importance of understanding the fundamentals of personal finances,” Urrabazo said. “It is our goal at IBC Bank to ensure the financial stability of the communities we serve, and that begins with our children who will one day be leaders in our cities.”
IBC teaches financial literacy 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.
IBC Bank and Commerce Bank are divisions of International Bancshares Corporation (NASDAQ: IBOC), a $12.1 billion multi-bank financial holding company headquartered in Laredo, Texas, with 188 facilities and more than 291 ATMs serving 90 communities in Texas and Oklahoma. In 2016, IBC celebrated its 50th anniversary since opening its doors for business in 1966. IBC Bank’s slogan “We Do More” reflects the bank’s dedication to the growth and success of both the customers and the communities it serves. International Bancshares was ranked 19th on Forbes’ prestigious list of 100 Best Banks in America in 2018. MEMBER FDIC / INTERNATIONAL BANCSHARES CORPORATION. Visit us on our YouTube channel, IBCBankWeDoMore. More information is available at ibc.com.