HOMELAND COMMUNITY BANK WILL OPEN "STUDENT-RUN-BANK" in WARREN COUNTY MIDDLE SCHOOL
On Friday, August 15th at 1:00 PM a bank will open inside Warren County Middle School located at 200 Caldwell Street, McMinnville, TN . The bank will take deposits of real money ... with all transactions being handled entirely by the students in the school. Bank officers have already been selected based on their school achievement.
The bank, officially named the WCMS Pioneer Bank, and will assist middle school students by:
teaching them at an early age the value of money ... and how to save for the future
offering a banking curriculum to teach issues i.e. the origin of money, compound and simple interest the workings of the Federal Reserve, etc.
offering real-world experience by allowing students to operate a bank by themselves
By building a consistent savings pattern starting at a young age ... a continued spirit of savings will flourish throughout the students' lives.
Over 350 such "student-run-banks" have been opened throughout the United States. This is the first one in the state of Tennessee, and the first of the 2014-15 school year.