American National Sponsors Online Financial Education Program for Franklin County High School
For more information, contact:
Todd S. Hammock
SVP & Market President-Franklin County
American National Bank and Trust Company
FOR IMMEDIATE RELEASE: December 15, 2015
DANVILLE, VA – Today, American National Bank and Trust Company and educators from Franklin County High School announced a joint partnership to offer students a series of web-based financial education courses designed to provide the critical skills needed to make sound financial decisions. American National has partnered with leading education technology company EverFi, Inc., to bring this interactive, web-based financial education program to 23 high schools across Virginia and North Carolina.
"These students are our future consumers and the future leaders of our nation. The more we can do to help them grow and prosper, the more our country will benefit – and the more the financial services industry will benefit," said Todd Hammock, Senior Vice President and Market President of the Franklin County Region for American National. "American National is proud to partner with EverFi to bring financial education to these students and prepare each one of them for a sound financial future."
American National Bank and Trust Company has partnered with EverFi, Inc., to bring the program to local students at no cost to the schools or the taxpayer. The web-based program uses the latest in new media technology to bring complex financial concepts to life for today’s digital generation. The course offers over eight hours of programming covering a variety of financial topics such as savings, investments, credit cards, and student loans. In 2015, the Consumer Financial Protection Bureau (CFPB) highlighted EverFi’s schools-based financial education programs in a new report on Advancing K-12 Financial Education: A Guide for Policymakers.
"Our goal as educators is to prepare our students for a successful future, a job which often extends beyond a typical classroom," said Dr. W. Mark Church, Superintendent of Franklin County Public Schools. "Partnerships across school districts and private sector institutions allow educators to provide an important educational supplement, such as the EverFi program, and enable us to give our children the best possible chance to reach their full potential."
A FINRA-funded study released in February 2015 found that students who received rigorous financial education in high school saw increased credit scores and decreased chance of credit delinquency as young adults, compared to their peers who did not receive financial education. The EverFi program is implemented in a co-curricular basis, providing teachers with a valuable tool to use with students in a classroom setting.
EverFi, Inc. is the leading education technology company focused on teaching, assessing, and certifying K-12 and college students in the critical skills they need for life. The company teams with major corporations and foundations to provide the programs at no cost to K-12 schools. Some of America’s leading CEOs and venture capital firms are EverFi investors including Amazon founder and CEO Jeff Bezos, Twitter founder Evan Williams, and Google Chairman Eric Schmidt. Learn more at everfi.com.
About American National
American National Bankshares Inc. is a multi-state bank holding company with total assets of approximately $1.5 billion. Headquartered in Danville, Va., American National is the parent company of American National Bank and Trust Company. American National Bank is a community bank serving Virginia and North Carolina with 25 banking offices and two loan production offices. American National Bank and Trust Company also manages an additional $733 million of trust, investment and brokerage assets in its Trust and Investment Services Division. Additional information about the company and the bank is available on the bank's website at www.amnb.com.
Shares of American National are traded on the NASDAQ Global Select Market under the symbol "AMNB."
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Pictured left to right—first row: Franklin County High School students Courtney Hall, Daniel Gonzalez, Jesse Hodges and Christopher Ashby; second row: Franklin County High School Teacher Mr. Faron Lee Frye, American National Credit Analyst Derwin Hall and Market President Todd Hammock; Superintendent Dr. W. Mark Church; and Franklin County High School Teacher Mr. Jay Taylor.