Admirals Bank and Treasurer Raimondo Honor Local High School Graduates of New Web-Based Financial Education Program

Admirals Bank and Rhode Island General Treasurer Gina Raimondo today honored the first of many graduates from the Admirals Bank Financial Scholars Program, a new initiative to bring critical financial literacy education to all public high school students across Providence, RI. The bank has partnered with EverFi, Inc., the nation’s leading education technology company, to bring an interactive, web-based financial management program to all Providence public high schools.

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We are so proud to sponsor EverFi and bring their innovative financial literacy education program to all Providence public high schools, so every student can learn the critical financial skills necessary for a bright future.

Providence, RI (PRWEB) April 02, 2014

Powered by EverFi technology, Admirals Bank Financial Scholars Program launched today at Providence Career and Technical Academy, where Admirals Bank recognized more students from both Providence Career and Technical Academy and Central High School for their outstanding work in completing the program. The event included remarks from Rhode Island General State Treasurer Gina Raimondo, Admirals Bank Chairman and Chief Executive Officer Nicholas Lazares and Providence Public Schools Director of Career and Technical Education Luke Driver.

“Admirals Bank is committed to supporting to the success of the Providence community,” said Admirals Bank CEO Nicholas Lazares. “This is why we are so proud to sponsor EverFi and bring their innovative financial literacy education program to all Providence public high schools, so every student can learn the critical financial skills necessary for a bright future.”

The web-based learning platform uses the latest in new media technologies – video, animations, 3-D gaming, avatars, and social networking – to bring complex financial concepts to life for today’s digital generation. Through the EverFi platform, students will become certified in over 600 topics in financial education, allowing them to become more informed, responsible citizens.

“It is more important than ever to arm every Rhode Islander with the skills to make sound financial decisions,” said Treasurer Raimondo. “From encouraging online financial literacy options for students to growing our financial coaching corps to offer free help, working to provide financial peace of mind to Rhode Island’s families helps move our whole state forward.”

The 10-unit course offers over six hours of programming aimed at teaching, assessing and certifying students in a variety of financial topics including credit scores, insurance, credit cards, student loans, mortgages, taxes, stocks, savings, 401k’s and other critical concepts that map to national financial literacy standards. The learning platform tracks student knowledge gains as well as changes in attitudes and behaviors about these important issues. The platform uniquely tracks the progress and performance of every student and provides students who successfully complete the course with Certification in Financial Literacy, a valuable mark of distinction on college applications and resumes.

About Admirals Bank

Admirals Bank is a federally-chartered financial institution headquartered in Boston, MA with a Regional Banking Center in Providence, RI, and a Renewable Energy Lending Center in San Francisco, CA. Since 2012, Admirals Bank has focused its home improvement lending efforts in the residential solar and renewable energy industry, opening Admirals Alternatives, the Renewable Energy Lending division of Admirals Bank. Admirals Bank also remains a leading national provider of the Title I Home Improvement Loan for a variety of other home improvements. Admirals Bank also offers customers additional borrowing solutions such as Residential Mortgages. Additionally, Admirals Bank is an active acquirer of commercial real estate loans in the secondary market. Admirals introduced Bespoke Banking to the financial industry, which is individually tailored, highly customized, relationship banking, and also provides customers with classic banking options such as checking and savings accounts, which can be conveniently opened and maintained online or via a mobile device. Admirals Bank is an Equal Housing Lender and Member FDIC.

About EverFi

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, Rethink Education, New Enterprise Associates, Inc. (NEA), and Tomorrow Ventures (the investment arm of Google Chairman Eric Schmidt). Learn more at http://www.everfi.com.


Contact

  • Charlie Angione
    Admirals Bank
    +1 (401) 248-7386
    Email
  • Alex Gregorio
    Admirals Bank
    401-248-7213
    Email
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