FORT WORTH, TX (October 31, 2012) – At an event held today in Fort Worth’s George C. Clarke Elementary School library, Comerica Bank and the Fort Worth Independent School District announced the implementation of Comerica’s “Youth Savings” program, a community outreach and educational effort designed to teach students about the importance of saving and becoming good financial stewards, at ten Fort Worth elementary schools:
I.M. Terrell Elementary
Como Elementary
Benbrook Elementary
Woodway Elementary
George C. Clarke Elementary
De Zavala Elementary
Lilly B. Clayton Elementary
E.M. Daggett Elementary
Bonnie Brae Elementary
M.L. Phillips Elementary
Under Comerica’s Youth Savings program, fee-free savings accounts are opened for participating students and each month, designated Comerica employees from nearby banking centers host “deposit days” at a makeshift bank branch at each school.
“Since piloting our Youth Savings program with Dallas I.S.D.’s Adelle Turner Elementary in 2009, we’ve expanded the in-demand program throughout North Texas, Houston and Austin,” said Damion Robertson, Comerica’s Retail Bank District Manager for Fort Worth. “Now more than ever, it’s critical that our youth understand the importance of saving money and building a foundation for a secure financial future, and we hope that our Youth Savings program will serve as a positive, fun learning experience for the Fort Worth students.”
“Comerica has supported the Fort Worth Independent School District in the past through school supply donations and grants, and we were thrilled when they approached us about this innovative program that complements our existing curriculum,” said Walter Dansby, Superintendent of Fort Worth I.S.D. “Combining these real-world learning experiences with classroom instruction is a win-win for our students and their futures.”
In the Youth Savings program, the minimum opening account balance is $1.00 for minors and all fees are waived including service charges and monthly maintenance fees. Each student is given their own passbook and account number and receive quarterly statements from Comerica Bank. Students can make deposits during school banking days or at any Comerica banking center during normal business hours, and no withdrawals are allowed to be processed at the school during school banking days.
The ten participating Fort Worth I.S.D. schools will be serviced by Comerica’s area full-service banking centers, including its 8th-Magnolia, Bryant-Overton Ridge, Camp Bowie-Ridglea, Fossil Creek and Sundance Square locations.
About Comerica Bank
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $63.3 billion at September 30, 2012. To find Comerica on Facebook, please visit www.facebook.com/ComericaCares. Follow Comerica Chief Economist Robert Dye on Twitter at @Comerica_Econ.
Media Contacts:Comerica Bank
Kyle Tarrance
214.462.6669
krtarrance@comerica.com
Fort Worth I.S.D.
Barbara Griffith
817.814.1934
bgriffith@fwisd.org
