Financial education lessons will reach every student at Parkdale
RIVERDALE, Md., Oct 03, 2011 (BUSINESS WIRE) --
State and local officials join Capital One Bank and Prince George's
County Public Schools today to celebrate the grand opening of the
Student-Run Bank Branch at Parkdale High School in Riverdale, Maryland.
The Parkdale High School branch is the first Capital One Student-Run
Bank Branch in the Greater Washington, DC region, and the fourth
in-school bank branch opened by Capital One Bank since 2007. The Capital
One Bank Student-Run Branch program provides students with critical
youth development opportunities, real-world work experience and a unique
grounding in financial education.
"The administration applauds this commitment to financial education, and
I commend the students at Parkdale High School for their efforts to
prepare themselves for their financial futures," said Dr. William R.
Hite, Jr., Superintendent of Schools, Prince George's County Public
"Parkdale High School is incredibly proud to be chosen by Capital One
Bank to bring this once-in-a-lifetime opportunity to our students," said
Cheryl Logan, Parkdale High School Principal. "Many local families -
parents of our students - have been challenged by recent economic times,
and we want to teach our children how to prepare for their future.
Through this program, we are providing our youth with the critical
skills and practical experience that will help them to succeed in the
Through the branch, students - under the management and mentorship of
Capital One bankers - operate a real bank branch, providing savings
products and services for their fellow students, teachers and
administrators. The student bankers are also responsible for teaching
their peers the importance of basic money management skills such as
budgeting and saving. In addition, through partnerships with local
colleges and universities, the students receive higher education and
career preparatory experiences.
"Working with our partners at Parkdale High School, our goal is to bring
an effective and sustainable financial education program to Prince
George's County," said Michael Pugh, Prince George's County Market
President for Capital One Bank. "We recognize that, now more than ever,
financial literacy, as well as fiscal management and responsibility are
key building blocks to success, not just for our students, but for us
all. Through our investment in financial education, we hope to lay the
groundwork that will allow our student bankers, their classmates and the
broader community to benefit."
The program is designed to provide critical life-skills training,
connect students to industry professionals for mentoring opportunities,
develop career awareness and work readiness skills, promote sound money
management skills and positively influence academic achievements.
Student participants in the program report that they not only feel more
prepared to manage their finances in the future, but that they have
helped their peers and family members learn important money management
skills as well. Nearly all of the former student bankers have since
enrolled in college.
"I have opened my eyes and realized that education plays a huge role in
our lives," said Bladimir Martinez, a Parkdale High School Student
Banker. "Before this program I wasn't really considering college, but
now that has changed. This opportunity that I have at hand today has
given me more than enough reasons to seek a change in my life. I now
dress differently; I now speak differently; I now circle myself with a
different crowd; and most importantly, I now make different decisions."
About Capital One Bank
One Financial Corporation is a financial holding company whose
subsidiaries, which include Capital One, N.A. and Capital One Bank
(USA), N. A., had $126.1 billion in deposits and $199.8 billion in total
assets outstanding as of June 30, 2011. Headquartered in McLean,
Virginia, Capital One offers a broad spectrum of financial products and
services to consumers, small businesses and commercial clients. Capital
One, N.A. has approximately 1,000 branch locations primarily in New
York, New Jersey, Texas, Louisiana, Maryland, Virginia and the District
of Columbia. A Fortune 500 company, Capital One trades on the New York
Stock Exchange under the symbol "COF" and is included in the S&P 100
Prince George's County Public Schools (PGCPS) is the 18th largest school
district in the nation, with 198 schools, over 127,000 students, and
nearly 18,000 employees. With an annual budget of $1.6 billion, the
district serves a diverse student population of students living in
urban, suburban, and rural communities. PGCPS is nationally recognized
for its innovative programs and initiatives, including expansion of
Advanced Placement courses, partnership programs with business and
higher education, and the FIRST teacher incentive program.
SOURCE: Capital One Financial Corporation
Barbara Saylor, 571-499-0390
Briant K. Coleman, 301-952-6389