Severn Savings Bank Uses Latest Technology to Teach Students Financial Literacy

ANNAPOLIS, MD (May 9, 2011) — Severn Savings Bank is pleased to announce it is sponsoring three schools in communities across Anne Arundel County to ensure students are financially literate before they leave high school. The Severn Bank Financial Scholars Program uses the leading education technology platform provided by EverFi, Inc. to teach, assess, and certify students in hundreds of topics including savings and budgeting, understanding credit scores, credit cards and managing debt, tax and insurance, investing, consumer fraud and protection, and managing loans to finance higher education. The course allows students to use the latest technology, including rich media, high-definition video, animation and avatars to interact and have fun with complex topics normally reserved for adults.

“We believe in empowering communities and students with critical knowledge that will help them chart their course for financial success,” said Alan J. Hyatt, president and chief executive officer. “We are committed to ensuring all students have access to these life-changing topics, served up in a fun way using new media.”

Severn Bank has made a three-year commitment to this initiative and remains dedicated to promoting financial literacy across the community. Severn will be sponsoring the EverFi Financial Literacy Platform program in the following schools: Annapolis High School, Old Mill High School and Germantown Elementary.

Download Official Press Release Here.