PORTLAND, Ore.--(BUSINESS WIRE)--
Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ:
UMPQ), joins more than 10,000 bankers nationwide in celebrating
National Teach Children to Save Day (NTCTSD) Tuesday, April 29.
Founded by the American Bankers' Association Education Foundation,
NTCTSD was designed to educate youth about the importance of saving.
Umpqua Bank stores and associates throughout Northern California,
Oregon and Western Washington will observe the annual event by hosting
bank field trips, providing interactive on-campus presentations and
sponsoring educational contests aimed at illustrating the differences
between needs and wants. Umpqua has participated in the event for the
past five years. This year, the company will share financial literacy
lessons with nearly 7,500 students from more than 50 elementary
schools, preschools and youth organizations.
In addition, Umpqua Bank's Learn to Earn program provides ongoing,
weekly opportunities for children to save in 84 schools. Established
in 1996, the program is the largest school bank program in California,
offering the convenience of on-campus banking to kindergarten through
eighth grade students. Learn to Earn educates children about the value
of saving money and encourages life-long money management skills using
fun and interactive activities.
Five Tips to Help Children Save
In an effort to extend money saving lessons beyond NTCTSD, Umpqua
Bank offers the following tips for teaching children about money:
1. Offer An Allowance -- Learning about money is easier to
understand when children have money to manage. Allow children to earn
an allowance and then work with them to allocate their funds into
three categories: money to share, save and spend.
2. Watch Their Savings Grow -- Encourage children to keep their
money somewhere they can see their savings grow, such as glass jar.
When the time is right, help them open a savings account and work with
them to track the interest they earn on their money.
3. Coach Smart Spending Decisions -- Active learning requires
trial and error. With adult supervision, allow children to make basic
purchasing decisions. When mistakes occur, take advantage of the
opportunity to talk through purchasing decisions and the value of
4. Demonstrate Credit Basics -- When using a credit card in a
restaurant or store, take time to teach children the basics of how
credit cards work, including the positives and the negatives. Follow
up by engaging them in the monthly credit card bill paying process.
5. Set Goals -- Setting goals together helps children learn the
value of money and saving. For example, when planning a family
vacation, talk about the saving requirements for that vacation as a
family. Establish financial goals for each child based on their
desired vacation activities and then work with them to track their
About Learn to Earn
Learn to Earn (LTE) was developed in 1996 in Arcata, Calif., to
teach students in grades kindergarten through eight the value of
saving money and to encourage life-long money management skills. The
program offers a savings account designed just for students that can
be opened for as little as $1.00 and earns interest immediately.
Combining rewards, games and ongoing events, LTE provides children
with the convenience of on-campus banking in 84 schools and serves
more than 6,000 student accounts.
About Umpqua Bank
Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of
Umpqua Holdings Corporation (NASDAQ: UMPQ) and has 147 locations
between Napa, Calif. and Bellevue, Wash., along the Oregon and
Northern California Coast and in both Central California and Central
Oregon. Umpqua Bank has been recognized for its innovative customer
experience and banking strategy by national publications including the
Wall Street Journal, New York Times, BusinessWeek, Fast Company and
CNBC. The company, recognized for the second year in a row, ranked
13th on Fortune Magazine's 2008 list of the country's "100 Best
Companies To Work For." Umpqua Holdings also owns retail brokerage
subsidiary Strand, Atkinson, Williams & York Inc., which has locations
in Umpqua Bank stores and in dedicated offices throughout Oregon and
Southwest Washington. Umpqua Bank's Private Client Services Division
provides tailored financial services and products to individual
customers. Umpqua Holdings Corporation is headquartered in Portland,
Ore. For more information, visit http://www.umpquabank.com/.
Source: Umpqua Bank