There’s no question that the recent economic downturn affected everyone including individuals, families, businesses, government and yes, our educational system. With budget shortfalls in virtually every state, funding for a number of school programs and supplies essentially dried up. Recognizing that children are the future of this country, City National and its colleagues decided to fill some of the void throughout its footprint. In 2009, colleagues of the bank began a back to school supplies drive that has helped hundreds of needy students in five states. This year’s program donated 1,000 backpacks filled with school supplies to 30 elementary schools and one nonprofit group in California, Nevada, New York, Tennessee and Georgia.
As part of its school supplies drive, City National colleagues who donate school supplies also donate time teaching the bank’s Dollars + Sense financial literacy program. The bank launched this award-winning program in 2009, which teaches students K-12 age appropriate lessons about banking and finance. Following the teaching of this material, teachers and principals alike say that they wish financial literacy was mandatory curriculum so that students were more prepared with real life skills when they graduate from high school.
In addition to these educational outreach program, City National began a nationally recognized literacy program in 2002 called Reading is The way up®. Since its inception the bank has donated over 250,000 new books to schools and more than $800,000 in literacy grants to teachers in five states. City National is The way up for our schools and communities.
Congratulations City National Bank!