On Tuesday, September 4, 2012 at 10:30 a.m., a ribbon cutting ceremony was held at Thomas Jefferson High School, 2501 West Broadway, Council Bluffs, Iowa to announce the opening of the TS Bank Yellowjacket Branch.

According to Dr. Corey Vorthmann, Supervisor of Secondary Education for the Council Bluffs Schools, students will benefit from this partnership with the TS Institute. “This is a tremendous addition to the Business and Finance Academy at Thomas Jefferson High School, allowing students a real-world experience working side-by-side with a banking professional in a bank setting,” he said. “In addition, the Yellowjacket Branch will provide a unique and authentic opportunity for students to deepen their understanding and application of financial literacy skills.”

The TS Institute was created in 2009 to collaborate with local school systems to promote financial literacy. The goal of the program is to provide students, K-12, with the knowledge to make sound financial decisions.

“The student bank is designed to demonstrate that saving and managing money should be part of a student’s personal financial plan for his or her future,” Bob Mantell, TS Institute Director, said. “We are very excited to launch our first student high school bank in the Council Bluffs Community Schools. We have a long-term vision and desire for this program to reach far beyond state lines and really make this a nationwide initiative.”

Studies show that financial literacy has a direct impact on children’s success, and that individuals graduating from high schools in states that require personal finance education have higher savings rates and net worth as a percentage of their earnings than individuals graduating from high schools in states where financial education is not mandated. (Source: “Integrating Financial Education into School Curricula,” The Department of the Treasury)

“We are excited to partner with the TS Institute and look forward to engaging our students with financial education by opening this student bank,” said Deb Goodman, DECA Advisor and Marketing/Business teacher at Thomas Jefferson High School.