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News Releases

News Releases


SCHOOL BELLS ARE RINGING REGARDING FINANCIAL LITERACY COMPETENCY

SCHOOL BELLS ARE RINGING REGARDING FINANCIAL LITERACY COMPETENCY
BMO Harris Bank is Answering the Call

LEAWOOD, KS (October 29, 2012) – The President's Advisory Council on Financial Literacy recently reported disappointing but not surprising news regarding the financial competency of US high school students. Of the 1525 schools across the country who participated in their 2012 National Financial Capability Challenge, the average student scored a "D+" (69 percent). BMO Harris Bank wants to help change that grade by providing an electronic-based financial literacy program to a number of Kansas City area high schools.

Equipping youth with sound financial skills helps put them on a path to being a successful adult. BMO Harris Bank has enlisted EverFi, a leading provider of Internet based education that teaches, tests, and certifies students a variety of life skills, to provide their financial education program in several states.

The Kansas City area high schools who will be putting students through the six hour (plus simulation) program sponsored by BMO Harris are: J.C. Harmon High School, F.L. Schlagle High School, Washington High School, and Wyandotte High School.

"Clearly the school bell continues to ring regarding the need to equip our young people with the tools to make sound financial decisions," said Brad Smith, Kansas City President, BMO Harris Bank. "We believe that presenting financial information via technology is a smart way to get, and keep, kids engaged."

For more information on how to raise money-smart kids, visit "Helpful Steps for Parents" at: www.bmoharris.com/parents .

About BMO Harris Bank
Based in Chicago, BMO Harris Bank N.A. provides a broad range of personal banking products and solutions through over 600 branches and approximately 1,300 ATMs in Illinois, Wisconsin, Indiana, Kansas, Missouri, Minnesota, Nevada, Arizona and Florida. BMO Harris Bank's commercial banking team provides a combination of sector expertise, local knowledge and mid-market focus throughout the U.S. Deposit and loan products and services provided by BMO Harris Bank N.A. Member FDIC. BMO Harris BankSM is a trade name used by BMO Harri s Bank N.A. BMO Harris Bank is part of BMO Financial Group, a North American financial organization with 1,600 branches, and a retail deposit base of approximately $180 billion.

For further information:

Carey Allen 480-558-6383 carey.allen@bmo.com


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Banking products and services are provided by BMO Harris Bank N.A. and are subject to bank and credit approval. BMO Harris Bank N.A. Member FDIC.

 

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Securities, investment advisory services and insurance products are offered through BMO Harris Financial Advisors, Inc. Member FINRA / SIPC . SEC-registered investment adviser. BMO Harris Financial Advisors, Inc. and BMO Harris Bank N.A. are affiliated companies. Securities and insurance products offered are: NOT FDIC INSURED – NOT BANK GUARANTEED – NOT A DEPOSIT – MAY LOSE VALUE.

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