BETHESDA, Md., May 26, 2016 (GLOBE NEWSWIRE) -- Partnering with EverFi, Inc., an organization that brings cutting-edge digital learning to students, EagleBank continues its sponsorship and support of a program that teaches high school students about money, personal finance, and leadership. Many Washington DC students have completed the program over the past few years, but now the bank has expanded into Virginia, and is happy to celebrate the Mt. Vernon High School students who completed the program and earned certificates.
The celebration event held on May 19, 2016, included remarks from students, EagleBank’s SVP, Chief Deposit Sales Officer Joe Clarke, and Economic and Personal Finance Teachers Gayle Smith and Regina Taylor. Students competed in a Financial Literacy Jeopardy Game to challenge their new financial knowledge.
To highlight EagleBank’s excitement over this program, Joe Clarke commented: “This co-curricular program provides teachers with a valuable tool to use in a classroom setting, and there is no cost to schools or the taxpayers. It is a web-based program that incorporates the latest in new media technology to bring complex financial concepts to life for today’s digital generation. The course offers eight hours of programming covering a variety of financial topics such as savings, investment, credit cards and student loans. Student enthusiasm is high.”
The EagleBank Scholars Program has reached over 1,919 students in DC and VA since inception in 2012. Students’ financial knowledge rose by an average of 71% based on pre- and post-assessment scores. Post assessment surveys show a 78% increase in the number of students who now feel prepared to apply for financial aid. In 2015, the Consumer Financial Protection Bureau (CFPB) highlighted EverFi’s school-based financial education programs in a new report on Advancing K-12 Financial Education: A Guide for Policymakers.
“By partnering with the wonderful teachers whose passion is to enrich the lives of their students, the EagleBank Financial Scholars Program helps students gain the critical skills necessary to make them successful for the rest of their lives,” said EverFi Founder and CEO Tom Davidson. “We are striving to create a world with fewer bankruptcies, fewer people defaulting on their student loans, and more people who feel in control of their financial future. Through EagleBank’s investment in these students, we are one step closer,” he concluded.
Ms. Gayle Smith, Economics and Personal Finance teacher also commented on the EverFi and EagleBank partnership: “It uses technology to enhance the learning experience and embraces technology and the digital experience for which this young student generation whole heartedly embraces. The program gives them knowledge to be successful in their personal finances and also teaches them about leadership. All of these efforts will help them become for productive and respectful in the workplace as they grow their careers.”
ABOUT EVERFI
EverFi brings cutting-edge digital learning on critical skills to the communities and people you care about. Our unique model brings private sector leaders, forward-leaning foundations and non-profits into the education innovation movement. Join the 12 million learners and 1,300 partners on this journey with us.
ABOUT EAGLE BANCORP, INC. AND EAGLEBANK
Eagle Bancorp, Inc. is the holding company for EagleBank, which commenced operations in 1998. EagleBank is headquartered in Bethesda, Maryland, and conducts full service commercial banking through 21 offices, located in Montgomery County, Maryland, Washington, D.C. and Northern Virginia. EagleBank focuses on building relationships with businesses, professionals and individuals in its marketplace.