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BankNewport Teaches Rogers Students Secrets of Financial Success

More than 100 students participated in the Financial Education Fair, which placed students through a realistic budgeting experience, presenting them with a series of real life spending decisions.

Jallah Leonard, Rogers High School Probability and Statistics Teacher (center) assists students Marlen Oliva (left) and Lily Botelho (right) with calculating their personal budget expenses, based on their chosen career and net monthly salary.
Jallah Leonard, Rogers High School Probability and Statistics Teacher (center) assists students Marlen Oliva (left) and Lily Botelho (right) with calculating their personal budget expenses, based on their chosen career and net monthly salary.
More than 100 seniors from Rogers High School in Newport participated in a Financial Education Fair, the culminating event to a series of financial literacy presentations conducted by BankNewport during the 2013-2014 academic school year. 

The Fair was held in the Rogers High School gymnasium.

A highly interactive simulation, the Fair placed students through a realistic budgeting experience, presenting them with a series of real life spending decisions.  

Guests in attendance to celebrate the students’ success included BankNewport President and CEO, Sandra Pattie, BankNewport Executive Vice President, Robert Maddock, representatives from the Office of Rhode Island General Treasurer Gina Raimondo, Mayor of Newport, Honorable Henry Winthrop, Rhode Island House Representatives, Honorable Marvin Abney, Honorable Linda Finn, and Honorable Peter Martin, Newport Superintendent of Schools, Colleen Burns Jermain, and Newport School Committee members Sandra Flowers, Jo Eva Gaines, and Robert Power.

The Fair provided students with the opportunity to put into practice what they learned in the classroom and to interact with local businesses as consumers based on their chosen careers and corresponding monthly income.  

Along with the bank, other local businesses  at the Fair included Capital Good Fund, Community College of Rhode Island, Donovan Travel, Gustave White Sotheby’s International Realty, Hyundai of Newport, Natural Creations, Newport County YMCA, Ocean Point Insurance Agency, Inc., Potter League for Animals, Salve Regina University, and Stop and Shop of Middletown.

It was the second year that BankNewport has partnered with Rogers High School to sponsor the financial literacy program.  The program was developed to complement the high school's personal financial education initiative for students.  

Monthly classroom presentations conducted by BankNewport's management team introduced students to strategies for selecting and developing a successful career, the benefits of establishing savings and checking accounts, a demonstration of electronic banking services, a review of financial planning and saving for the future, the types and sources of credit, ways to establish good credit, and the importance of monthly budgeting.  Bank representatives provided basic information on these topics to help the students increase their understanding of the importance of managing their personal finances in order to be prepared for the financial challenges and lifestyle decisions they will face as adults. 

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