The Fauquier Bank Sponsors Financial Literacy Project
WARRENTON, Va., May 23, 2011 /PRNewswire/ -- Fauquier Bankshares, Inc. (Nasdaq: FBSS) -- Since the 1990's, The Fauquier Bank has sponsored a money management education program for Fauquier County schools. The Financial Literacy Project has been made available to teachers without cost, and has recently been expanded to include a program on loans, credit, and insurance.
Through these educational initiatives, students learn techniques and responsibilities associated with managing personal finances. Topics covered in the program include how to maintain a checking account and balance a checkbook, understanding and managing debit and credit cards, how to achieve credit worthiness, the basics of consumer loans and valuable budgeting skills.
The objective of the program is to provide students the information needed to become educated, responsible consumers and to help them understand how the financial decisions they make today will impact their future. The Fauquier Bank and the schools realize the importance of providing all students sound money management training to prepare them for future personal financial stability.
Sandra Colvin, Department Chair of Liberty High School's Business/Marketing Department, is pleased with the resource. "We are so fortunate to have a supportive business community. The Fauquier Bank has supported our student for years with free instructional materials. We have found the materials to be up-to-date and very beneficial to our students. We look forward to the opportunity to use the new "Guide to Loans & Credit" program and are grateful to The Fauquier Bank for providing them for our students." Ms. Colvin also notes that TFB has employed Cooperative Education students for years, and that many of those students have become full-time employees of the bank.
Randy K. Ferrell, President and CEO of The Fauquier Bank said, "The Fauquier Bank is proud to sponsor The Financial Literacy Project. Supporting the financial education of our young citizens is an essential tool for helping them build personal economic stability as well as a valuable aid in strengthening the future of our community."
Fauquier Bankshares, Inc. and its principal subsidiary, The Fauquier Bank, had combined assets of $593.6 million and total shareholders' equity of $45 million at March 31, 2011. The Fauquier Bank is an independent, locally-owned, community bank offering a full range of financial services, including internet banking, commercial, retail, insurance, wealth management, and financial planning services through ten banking offices located in Fauquier and Prince William Counties in Virginia. Additional information is available at www.fauquierbank.com or by calling: (800) 638-3798.
SOURCE Fauquier Bankshares, Inc.
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