City National Bank Launches Digital Education Program

From City National Bank:

LOS ANGELES, CA – City National Bank, America’s Premier Private and Business Bank®, today announced it has partnered with EverFi, Inc., to expand its successful “Dollars + Sense” program, with a new digital curriculum that includes a financial course designed to provide students with the critical skills needed to make sound financial decisions. The bank will offer the new curriculum in 40 additional schools in Los Angeles County. EverFi, a leading education technology company, will bring this interactive, web-based financial management program to schools that lack the resources to teach financial education to their students.

This new financial education partnership will kick off on today, April 27 at 11 a.m. at Compton High School, where students will showcase their financial knowledge through games that will quiz them on topics such as credit scores, savings vehicles and payment types. Students will have the opportunity to meet and question City National Bank colleagues to learn more about careers in banking and how to plan for financial success.

“I hope that as these students make financial decisions in their daily lives, they think back to this experience,” said Jennifer Nickerson, head of community engagement for City National Bank. “This partnership with EverFi will allow us to bring our already successful program to more students so they can make smart choices and have secure financial futures.”

This new digital “Dollars + Sense” program has several unique features:

• Uses the latest in new media technology – simulations, avatars, gaming and adaptive-pathing –to bring complex financial concepts to life for today’s digital generation.

• Offers over six hours of programming with 10 units in a variety of financial topics including credit scores, insurance, credit cards, student loans, mortgages, taxes, stocks, savings, 401(k)s and other critical concepts that map to national financial literacy standards.

• Tracks the progress and performance of every student and provides students who successfully complete the course with a “Certification in Financial Literacy.”

The expansion into new schools and new digital version of “Dollars + Sense” is part of City National Bank’s $11-billion community reinvestment commitment announced a year ago.

“While high school students are preparing to fulfill their college and career aspirations the importance of personal finance is seldom addressed," said Dr. Stephen Glass, principal of Compton High School. "At Compton High School, we believe financial literacy is another step towards social justice. We are thankful to City National Bank and EverFi for creating this opportunity for our students."