Students at Golightly Education Center made their first bank deposits following a ribbon-cutting ceremony today to celebrate the grand opening of Golightly’s In-School Bank.
The bank was created through a partnership with Citizens Bank to provide the students with hands-on experience in learning basic money management skills and the basics of how a bank operates.
“We’re excited to launch this new program to teach students banking skills, encourage saving money and to help them feel comfortable with personal banking,” said school Principal Dr. Sherrell Hobbs. “The staff at Citizens Bank has been wonderful in helping us to launch this effort, and we look forward to seeing the students learn about personal banking and watching their savings grow.”
Honors Teacher Cheryl Vincent helped coordinate setting up the In-School Bank and views the bank as a great learning tool.
“This is an excellent opportunity to provide hands-on learning that we hope the students will carry throughout their lives,” Vincent said.
The bank will be staffed and operated by 12 students, with adult supervision provided, and will be open from 10 a.m. to 1 p.m. every Thursday for the students to make deposits. The staffed positions include branch manager, assistant manager, client services representative, public relations/marketing representative, community relations, teller and security officer. Students in fourth- through eighth-grade are eligible to participate.
“The students had to complete job applications to work at the bank,” said Stephanie Grimes, Citizens Bank-Canton Customer Services Supervisor. “The goal is to make this a fun learning process that teaches skills the students will carry with them throughout life. We want them to understand the importance of saving money and that saving a little over time can add up to a lot.”
Students making deposits will receive a savings account number that corresponds with an account at Citizens Bank. Students wishing to make a withdrawal will need to visit a Citizens Bank branch with their parents.
About Golightly Educational Center:
Golightly is part of the Detroit Public School District and serves students in pre-kindergarten through eighth grade. Detroit Public Schools is creating Centers of Excellence in every school within every neighborhood. The district’s primary mission is educating students to perform at the highest academic level. DPS offers educational advantages to students throughout the district’s 130-plus schools, including Netbooks for every student in grades 6-12, expanded time for reading and mathematics under a common core curriculum, pre-algebra for 7th graders, nine different languages and robust ESL (English as a Second Language) programs, Advanced Placement courses at every high school, and Fine Arts programs with instrumental music, vocal music and dance. DPS also has five new charter schools led by educators with proven track records of raising achievement, 10 new state-of-the-art school buildings or major renovations, along with millions of dollars in school building improvements district-wide, business partners for every school to help raise student achievement, parent engagement initiatives, and safety and security enhancements. To learn more about our programs, visit detroitk12.org.
About Citizens Bank:
Citizens Republic Bancorp, Inc. is a diversified financial services company providing a wide range of commercial, consumer, mortgage banking, trust and financial planning services to a broad client base. Citizens serves communities in Michigan, Ohio, and Wisconsin with 218 offices and 252 ATMs. Citizens is the largest bank holding company headquartered in Michigan with roots dating back to 1871 and is the 52nd largest bank holding company headquartered in the United States. More information about Citizens is available at www.citizensbanking.com.