Wednesday, October 27, 1999
School kids operate bank branch
BY DAVID ECK
Enquirer Contributor
MORROW — Some Morrow Elementary students are getting career experience they might be able to bank on in the future.
The school, in cooperation with Lebanon Citizens National Bank, has set up a working bank branch in the school auditorium for use by students. A group of fifth- and sixth-graders, serving as tellers and auditors, operate the branch.
“We're trying to keep it as real world as possible,” Principal Scott Gates said. “The students actually went to Lebanon Citizen's National and were trained. It builds career awareness.”
The bank, complete with deposit slips and official Federal Deposit Insurance Corp. placards, only accepts deposits — they tend to come in dimes, quarters or dollars.
Monthly statements are mailed to the school so students and school administrators can keep track of the accounts.
The bank, dedicated last week, is open every other Wednesday and all students in the school have an opportunity to make deposits and maintain accounts.
Students' deposits earn standard interest. The 11 students — 10 sixth-graders and a fifth-grader — who run the bank helped build the green-and-yellow bank branch, said Lisa Russell, overseer of the project and the Little Miami school district's health and wellness coordinator. Bank officials and parents help with the project.
In addition to giving the youngsters a feel for a job, the bank hones math skills, working with others, and helps them develop the skills they will need for future employment, officials said.
Brooke Hamm, 11, was a teller at the bank Wednesday. Her favorite part of the job: using the calculator.
“They normally would not have an opportunity to be bank tellers,” Mrs. Russell said.
“It's an opportunity for them to have a job. It's a learning experience for all of us, but it's one I definitely think is worth it.”
Lebanon Citizens National has worked with schools in Warren County and has school banks in Franklin, South Lebanon and Middletown.
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