Making Maryland banks stronger and more successful.  

IMMEDIATE RELEASE
Cynthia L. Gentilcore
Senior Vice President, COO
443-837-1602 /
cgentilcore@mdbankers.com
 

Maryland Bankers Association Announces
10th Annual Financial Education Award Recipients


21 Maryland Banks Recoginzed for Work They Do To
Improve Financial Education In Their Communities!

ANNAPOLIS, MD (November 14, 2013). Maryland Bankers Association (MBA) Financial Education Awards program, bestowed by MBA’s Financial Education Council, was launched by the MBA in 2004 to recognize the outstanding efforts of our member banks who are actively engaged in financial education outreach across Maryland. The MBA is very proud that 2013 marks the 10th year for MBA’s Financial Education Awards Program! 

Financial Education has always been a top priority for our members and these past 10 years have proven it even more!  Over this time our members have reported reaching over 90,000 Maryland students and/or residents in teaching financial education. These statistics are remarkable and demonstrate that Maryland bankers continue their commitment to making a difference in their community’s everyday by teaching financial education programs that enable the public to improve money management skills. 

MBA’s Financial Education Awards are given in three categories for programs and activities that reinforce financial education concepts such as developing good savings, budgeting techniques, money management skills, establishing and managing credit, understanding mortgage and consumer lending products and a variety of consumer protection practices. 

The three award categories are:
School-Aged Children (Pre-School through 8th Grade);
Young Adults (High School & College Students); and
Adults and Seniors (Age 25 and older)

The financial education award entries were reviewed by MBA’s Financial Education Council based on various criteria: program; presentation materials; community impact; financial literacy concepts; and development.  
This year 21 banks participated in the awards program, submitting a total of 41 entries.  They were honored at an awards luncheon held in conjunction with MBA’s BankNext event on Thursday, November 7 at the BWI Marriott in Linthicum, Maryland.

The following are the 2013 MBA Financial Education Award winners:

In the School-Age Children Category (bank assets less than $1 billion):
First place went to:  New Windsor State Bank
Second place went to: Community Bank of the Chesapeake

In the School-Age Children Category (bank assets greater than $1 billion):
First place went to:  The Columbia Bank
Second place went to: PNC Bank, N.A.

In the Young Adults Category:
First place went to:  Wells Fargo Bank, N.A.

Second place went to:  Capital One Bank, N.A.

In the Adults and Seniors Category:
First place went to:  PNC Bank, N.A.
Second place went to:  The National Bank of Cambridge

A special recognition award was also provided to the following 14 banks who submitted entries this year and who are improving financial education in Maryland’s communities:

Baltimore County Savings Bank
Bank of Georgetown
Bank of Ocean City
Calvin B. Taylor Banking Company
Carroll Community Bank
Fraternity Federal Savings & Loan Association
Frederick County Bank
Hamilton Bank
Howard Bank
Old Line Bank
Queenstown Bank of Maryland
Sandy Spring Bank
The Talbot Bank of Easton, Maryland
Woodsboro Bank

In recognition of MBA’s Financial Education Awards 10th year, the MBA recognized New Windsor State Bank, which has a unique honor.  They have won an award in at least one, sometimes two categories each year since the program was launched 10 years ago. A special 10-year recognition award was presented to New Windsor State Bank for outstanding achievement for ten consecutive years towards improving financial education.

Congratulations to this year’s 2013 Financial Education award winners and participants! They all should be commended for the work they do all year to improve the financial education skills in their communities.

Maryland
banks hold $120 billion in deposits and employ 47,600 banking professionals.  Ninety-six percent of the banks in Maryland are well capitalized (the highest regulatory designation).  MBA’s member banks hold 97 percent of the FDIC insured deposits in Maryland in more than 1,800 branch offices.  MBA serves member banks as a legislative and regulatory advocate at all levels of government, as the public relations voice for the industry, as a provider of professional education to members and as a promoter of financial education to the community.

 

 

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