In 2009, TS Bank committed $250,000 to the TS Institute to fund the initial phase of the program locally. A K-12 financial literacy program was launched in the Treynor School District as well as an elementary and middle school student bank were opened in 2010. In addition, a high school student bank opened at Thomas Jefferson High School in Council Bluffs in 2011.
In recognition of TS Bank’s third consecutive year of being named the #1 ranked bank in Iowa, TS Bank in 2012 committed to funding a portion of the TS Institute’s $1 million commitment while working alongside the TS Institute to secure the remaining funding from non-profit and private donors in the coming year.
The new three-year grant has helped support the hiring of additional employees to work alongside Bob Mantell, TS Institute Director, to expand the program in Pottawattamie County. The new financial literacy coordinators serve in a consultative role for each participating school as well as be a resource for students, parents, and community members.
“We believe it is part of our responsibility as community bankers to invest in the lives of our community members and arm individuals with the financial facts. The more educated they become, the better decisions they can make about their financial futures. And the earlier they learn it, the better!” states TS Bank President and CFO, Josh Guttau.