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Farmers Bank, Calipari Family Foundation bring financial literacy to six school districts
Wednesday, February 5, 2014

Farmers National Bank and the Calipari Family Foundation are beginning their second year of initiatives to bring financial literacy education to students across six school districts in Kentucky by providing them with access to the Vault – Understanding Money learning course.

This web-based program uses the latest in new media technology – simulations, avatars, gaming and adaptive-pathing – to bring complex financial concepts to life for today’s digital generation. Through the course, students at 17 elementary schools in Boyle, Burgin Independent, Danville, Garrard, Lincoln and Mercer counties will become certified in hundreds of topics in personal finance, allowing them to become more informed, responsible citizens.

Over the course of the last year and a half, over 1,100 students have become more financially literate thanks to Farmers National Bank’s sponsorship of Vault.

Teacher Ruthie Young from Perryville Elementary had nothing but praise and appreciation for the program when she stated that Vault was “the best program I ever used!”

“As we face the worst economic crisis in generations, it is more important than ever to arm young people with the skills to navigate an increasingly complex financial system,” said Greg Caudill, president and CEO of Farmers. “We are excited to offer students an innovative educational experience that uses the tools they love – digital learning and gaming – to teach this important topic.”

Vault – Understanding Money is an interactive learning platform specifically designed to introduce financial literacy skills early in a child’s cognitive development. Course topics include saving, budgeting, responsibility and decision-making, credit and debt, careers, income, charity and more. The course features interactive lessons, games and story-based activities that challenge kids to make choices in real-life scenarios to best achieve important goals around saving and job planning.

“From the small rural towns to major cities across the U.S., EverFi technology is literally transforming how students learn, and we are incredibly grateful for the public-private partnerships that make this possible,” said EverFi CEO Tom Davidson. “Farmers National Bank is critical to the success of our mission to ensure that these cutting-edge tools reach all communities.”

EverFi is an education technology company focused on teaching, assessing and certifying K-12 and college students in the critical skills they need for life. The company teams with major corporations and foundations to provide the programs at no cost to K-12 schools. Some of America’s leading CEOs and venture capital firms are EverFi investors including Amazon founder and CEO Jeff Bezos.

Farmers National Bank, a community-owned bank since 1879, has banking facilities in Danville, Burgin, Harrodsburg, Junction City, Lancaster, Perryville and Stanford.