First Horizon Bank Invests in Financial Literacy Programming
Note: Capital Bank now operates under the unified First Horizon brand name.
April was Financial Literacy Month and Capital Bank celebrated by investing in financial literacy programming for North Carolina’s children. In December, the Capital Bank Foundation awarded Marbles Kids Museum $75,000 to fund the transformation of the popular “Aunt Polly’s Pet Sitting” play area into “Polly’s Pet Care,” a small business where kids can practice smart money habits while caring for pretend pets. After a ribbon-cutting and confetti ceremony, Polly’s Pet Care opened to the public on April 12, which is also annual Teach a Child to Save Day.
This exhibit not only makes it fun to learn about money, but it opens the door for families and educators to discuss healthy money habits with children. The hands-on activities in the reimagined play space will introduce children to the concepts of entrepreneurship, running a business and working with a team, as well as earning and saving money. Complete with pretend technology and playful cash registers, kids will have the chance to use their imaginations to help run the business, while learning the values of customer service and money management. This exhibit, with the other ongoing financial literacy programming throughout the museum, will introduce and reinforce important life skills for children to develop and carry into their adult life.
In addition to the launch of the exhibit, Capital Bank, in partnership with Operation HOPE, offers free financial empowerment workshops at several HOPE Inside locations throughout the state. Capital Bank’s HOPE Inside counselors are available to help anyone interested in learning how to improve a credit score, budget techniques to get the most out of a limited income, ways to pay off debt and how to use credit wisely. Capital Bank HOPE Inside certified financial counselors were even onsite at Marbles to offer family financial literacy information.
Capital Bank is committed to building strong communities, helping meet the financial needs of the areas they serve across the Bank’s footprint. In 2018, Capital Bank announced a commitment to invest nearly $4 billion to broaden access to financial resources in underserved and low-to-moderate income communities, setting aside $40 million for grants and philanthropy. The Marbles investment and the HOPE Inside branches are just two ways in which Capital Bank is promoting financial literacy, and, more importantly, creating greater opportunity for North Carolina families.
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