EUREKA, Calif.--(BUSINESS WIRE)--
to Earn program, which offers on-campus
banking, complete with child savings accounts and money-management
lessons, to students in grades kindergarten through eighth at nearly
100 Northern California schools, added eight new schools, four
additional Umpqua Bank stores and almost 1,200 new students to its
savings program in the first four months of the 2008-2009 school year.
With this growth, Umpqua Bank helped students save more than $552,000
since Sept. 1, 2008; increasing the bank's total active Learn to Earn
student savings balances to nearly $2 million.
"Umpqua Bank's Learn to Earn program is designed to encourage students,
along with support from their parents and teachers, to form responsible
money-management habits early on," said Lani Hayward, executive vice
president of creative strategies for Umpqua Bank. "Teaching children to
save, share, and spend money wisely are important, lifelong skills that
will be invaluable both for children and their communities, and Umpqua
is excited to be part of the process."
"There's never been a better time to teach children to save and learn
the importance of financial literacy. Children are exposed to the
challenges facing our economy either through the media, their families
or day-to-day interaction," said Molly Barnum, a kindergarten teacher at
John McManus Elementary in Chico, Calif. "Children understand that our
nation is in an uncomfortable position, but not necessarily why.
Umpqua's Learn to Earn program gives students, parents, and teachers the
tools and opportunity to talk about money-management in a way that kids
understand and enjoy."
John McManus Elementary has been active in Umpqua Bank's Learn to Earn
program since October 2007.
Between Sept. 1 and Dec. 31, 2008, Umpqua Bank's Learn to Earn recorded
the following growth:
-- Added eight additional Learn to Earn schools.
-- Opened 1,162 new Learn to Earn child savings accounts; an increase from
1,091 accounts opened during the same timeframe in 2007.
-- Increased total Learn to Earn child savings accounts by 13.2 percent for
a total of 7,284 active accounts.
-- Grew Learn to Earn child saving account balances by more than $552,000;
increasing total active student account balance to nearly $2 million.
For additional information on Learn to Earn, please visit www.umpquabank.com
or e-mail firstname.lastname@example.org.
About Learn to Earn
to Earn (LTE) was developed in 1996 in Arcata, Calif., to teach
children the value of saving money and to encourage life-long money
management skills in grades kindergarten through eighth. The program
offers a child savings account designed just for students that can be
opened for as little as $1.00 and earns interest immediately. LTE uses
immediate rewards, games, ongoing events and in-class curriculum to make
financial literacy fun and easy to understand. The program currently
provides children with the convenience of on-campus banking in nearly
100 schools and serves more than 7,000 student accounts.
About Umpqua Bank
Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua
Holdings Corporation (NASDAQ:UMPQ) and has 150 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