The North Bend Eagle

 

PVB training Tiger Branch
LynAnn Franzluebbers and Katy Bode train tellers that will soon be working at the Tiger Brach of Platte Valley Bank at NBE.

PVB opens Tiger Branch in schools

by Stephanie Iwan Flamme
Published 9/25/19

The grand opening of the Platte Valley Bank Tiger Branch will be Oct. 1 for North Bend Central kindergarten through eighth grade students.

Platte Valley Bank and North Bend Central have joined together to educate children about the importance of saving so they are better prepared to handle their financial futures.

Students will also learn how to fill out deposit tickets, endorse checks correctly, practice counting and add real money, maintain and balance a check register, and be able to interact with bankers once a week.

The branch in the elementary school library will be open every Tuesday 7:45 to 8:15 a.m. to allow students to make deposits into their savings accounts.

These accounts will only be active at the Tiger Branch. Withdrawals will be allowed only when the students leave NBC or graduate from eighth grade. At that time a check will be issued for the balance of his or her account.

Deposits must be at least 50 cents or more. On opening day, Platte Valley Bank will match up to five dollars for each new depositor.

Instead of interest, students will receive incentives provided by Platte Valley Bank and other sponsors.

These rewards will be based on their cumulative balance and the consistency of their deposits. Students may earn school supplies as well as encouraging items provided by Casey’s, North Bend Mini Mart, Tiger Pin, Scholastic Book Fair, Gambino’s and the North Bend Chamber of Commerce.

At the end of the year, students who only miss one to three deposits all year will also earn a pizza party with the principal and bankers.

Student tellers will be running the Tiger Branch. All fifth graders and Future Business Leaders of America were eligible to apply to become a teller. Teller applicants obtained real job experience as they had to complete a paper application with references, participate in a face-to-face interview, and count a zipper pouch of money. After being selected they attended job training, and will be responsible for showing up and working at the Tiger Branch on their assigned days.


 

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