Pan American Bank's Financial Literacy Program: My Future - I'm Saving For It!

Pan American Bank today announced the launch of its 2011 financial literacy campaign, “My Future: I’m Saving for It!” The campaign builds on last year’s very successful and highly praised financial literacy campaign that provided financial literacy education to over one thousand students in East Los Angeles and Santa Ana.

On Tuesday, January 25, 2011, Pan American Bank, the East Los Angeles Financial Literacy Task Force and KIPP LA’s Raices Academy ( http://www.kippla.org/raices/) will provide financial literacy education to over 300 students at the East Los Angeles-based Raices Academy. The event will be followed by a separate day of financial literacy training for the parents of Raices Academy students.

“Pan American Bank first launched the ‘My Future: I’m Saving for It!’ campaign in April 2010. The program was incredibly successful and resulted in financial literacy training to over one thousand local youth. This year, with the assistance of the East Los Angeles Financial Literacy Task Force, local schools, churches and nonprofits, we expect to double the number of youth that Pan American Bank will provide with financial literacy training in East Los Angeles and Santa Ana,” said Pan American Bank CEO Jesse Torres. “East Los Angeles and Santa Ana are two communities that are in great need of financial literacy training – for both youth and parents. Pan American Bank is committed to continuing its efforts to move these largely unbanked and underbanked communities into the financial mainstream. It is only through a community-wide effort that this goal will be accomplished. Pan American Bank will continue to provide the technical resources while urging elected officials, school administrators, faith-based leaders and others to encourage this important education. We are confident that this program will be successful in moving these communities into the financial mainstream and away from predatory financial service providers.”

The “My Future: I’m Saving for It!” financial literacy campaign provides East Los Angeles and Santa Ana-based organizations, including schools, churches, and nonprofits, with free age-appropriate financial literacy training. In addition, each child/youth under 18 receives a savings account with no monthly service charge or minimum balance requirement. Additionally, Pan American Bank deposits the first $5.00 in each account.

WHAT:       East Los Angeles Financial Literacy Program “My Future: I’m Saving For It!”
WHERE: KIPP Raices Academy (Dozier and Dangler Campuses)
WHEN: Tuesday, January 25, 2011
TIME: 8:30 am to 11:30 am

SCHEDULE OF CHILDREN’S WORKSHOPS9:00-10:15 Dangler Campus - 4620 East Cesar E. Chavez Ave., Los Angeles, CA 9002210:15-11:00 Dozier Campus - 4545 Dozier Avenue, Los Angeles, CA 90022

For more information or to RSVP contact Dean Chelsea Wiener at (323) 835-3985 or email at cwiener@kippla.org

About Pan American Bank

Established in 1964, Pan American Bank is California’s oldest Latino-owned bank. Headquartered in East Los Angeles, Pan American Bank serves the needs of the Latino communities in Los Angeles and Santa Ana. Founded by former U.S. Treasurer Romana Acosta Banuelos, the Bank has stayed true to its mission of transforming and empowering Latino communities through banking relationships built on trust, service, respect, communication, and guidance. Pan American Bank's Facebook page can be found at http://bit.ly/pab-facebook. The Bank’s blog is found at http://PanAmericanBank.blogspot.com. Pan American Bank can be followed on Twitter as @PanAmericanBank.

About KIPP LA Schools

KIPP LA Schools is a non-profit organization that operates five elementary and middle public charter schools in under-resourced communities in Los Angeles. KIPP LA Schools is part of the nationwide KIPP (Knowledge Is Power Program) network of 99 schools in 20 states and Washington, DC.

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Copyright Business Wire 2010

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