Community Bank of Oak Park River Forest to celebrate Teach Children to Save Day

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By Community Editor

Courtesy Community Bank of Oak Park River Forest

Community Bank of Oak Park River Forest is happy to announce that it will be celebrating Teach Children to Save Day by hosting an educational workshop on Tuesday, April 23 from 3:45-4:45 p.m. The workshop will be geared towards children ages 6-10. All children and their parents are invited to attend. Community Bank also invites scout troops, afterschool clubs and youth groups to attend. This free workshop will be held at Community Bank's Oak Park office located at 1001 Lake Street. To register, please contact Community Bank at 708.660.7031. Space is limited, so call soon.

Established by the American Bankers Association Education Foundation in 1997, Teach Children to Save Day is a nationwide effort that has helped more than 5.6 million young people learn about the importance of savings. Participating in Teach Children to Save Day gives Community Bank the opportunity to assist area youth in developing healthy financial habits that will benefit them throughout their lives and help them reach their goals.

Community Bank's Teach Children to Save workshop will focus on the basic principles of savings. Workshop topics include:

  • Introduction to the concept of financial management such as paying bills on time, being a conscientious spender and an active saver
  • How to save by budgeting and planning for the future
  • The difference between needs and wants, the value of savings and budgeting and the consequences of not doing so
  • The benefits of having a savings account and how to manage a savings account

The workshop will be run by financial experts from Community Bank. Hands-on activities will be used to demonstrate financial concepts, and real-world examples will help children grasp the importance of savings. Children will be treated to a special tour of Community Bank, and at the conclusion of the workshop they will receive a certificate showing they participated in Teach Children to Save Day.

Community Bank has been a frequent facilitator of financial literacy events, and during its sixteen year history the Bank has donated over $2 million to various local civic and charitable organizations. Community Bank of Oak Park River Forest was organized in 1996 as a locally owned bank focused on creating financial solutions for individuals, professionals, owners of closely-held businesses and nonprofit organizations in the Oak Park, River Forest and Forest Park communities. Community Bank, which had assets of $320 million as of December 31, 2011, has two locations: 1001 Lake Street, Oak Park and 7777 Lake Street, River Forest. Member FDIC | Equal Housing Lender

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