NEWS
April 14, 2008
Institution for Savings to Operate School Bank at Triton Regional High School
Continuing its recent trend of the last several years, the Institution for Savings will open a new bank branch this September - this one at Triton Regional High School.
The Triton School Committee earlier this week approved a proposal by the bank to take over the operation of the school bank branch located in the main lobby of Triton's high school. Pending regulatory approval, the bank hopes to become operational for the start of the 2008-09 school year in September. The bank was formerly operated by TD BankNorth, who did not renew its contract with the school this year.
The banking program at Triton is currently comprised of two parts. Students begin with a classroom curriculum taught by a Triton teacher, where they cover such subjects as the history of U.S. banking, the Federal Reserve Bank system; types of bank accounts; bank operations and technology; lending; and marketing. Students are then trained and assigned to work as actual tellers in the school bank, which is open for two hours every day that school is in session. The branch will be managed by an Institution for Savings employee, and will be open to the general public during these hours as well.
The Institution for Savings is itself a good example of the benefits made possible with a school bank program, said Mark Welch, Institution for Savings President/CEO. Two of the bank's current assistant managers--Leanne Corning and Michelle Mahair -- both participated in local school banking programs when they were in high school.
"We are delighted for this opportunity to take our already active partnership with Triton to a new level," said Mr. Welch. "I believe that we can help give Triton students a sense of financial literacy and help to impart a few very simple financial truths that will hold them in good stead throughout their lives. Like we do with our other bank branches, we also look forward to becoming an active, enthusiastic partner with the entire Triton school community in this new endeavor."
