DALLAS--(BUSINESS WIRE)--NexBank SSB (NexBank), a regional bank that provides commercial banking, mortgage banking and institutional services, was honored with the 2018 Financial Capability Innovation Award presented by the nation’s leading technology innovator, EVERFI, Inc. The award recognizes NexBank’s exceptional efforts to improve the financial capability of Americans through unique digital learning initiatives.
Honorees were selected based on a set of criteria that included the scale and reach of their financial education initiatives, the duration of their commitment, and unique employee volunteering activities that supplement their programs.
As part of its efforts, NexBank partners with EVERFI to bring MoneyWorks, a web-based financial literacy program, to low- to moderate-income elementary and high school classrooms in Dallas and Garland at no cost to the schools or taxpayers. MoneyWorks is available in both English and Spanish and uses the latest in simulation and gaming technologies to bring complex financial concepts to life for today’s digital generation. Since August 2016, MoneyWorks has reached 2,400 Dallas and Garland students with lessons about credit scores, insurance, credit cards, student loans, mortgages, taxes, stocks, savings and 401k’s.
NexBank also sponsors an instructor-led course at Dallas city schools using the FDIC Money Smart financial education curriculum, which is designed to help low- to moderate-income individuals enhance their financial skills. During the course, NexBank hosts a trip to the Dallas Federal Reserve Bank to give students an understanding of how banking works and the role of the central banking system. To complement its financial literacy activities, NexBank employees volunteer to teach Dallas students job readiness skills and help them explore career opportunities through career planning, resume and interviewing workshops.
NexBank’s Chief Compliance Officer, Sharon Lahr, accepted the award on behalf of the bank. “We’re honored to receive the Financial Capability Innovation Award from EVERFI. It’s important for us to find new ways to engage students in the financial literacy education process and make the strongest impact possible in our community. We’re pleased to see the success of the program and the progress the students have made in their financial skills and knowledge education,” she said.
“Each year, we honor institutions that are truly dedicated to going above and beyond in service to their communities,” said Ray Martinez, EVERFI President of Financial Education. “The Financial Capability Innovation Awards have given us the opportunity to share and celebrate the tremendous investment these institutions are making and continue to make in the communities where they live, work and serve. For EVERFI, our time here reminds us just how critical the role innovation continues to play in empowering Americans to pursue economic opportunity and achieve financial security for themselves, their families and their community.”
About NexBank SSB
NexBank SSB is a regional bank with assets of $8.4 billion and a charter that dates to 1922. The Bank provides commercial banking, mortgage banking and institutional services to meet the needs of its clients, which include institutional clients, financial institutions, and corporations nationwide. NexBank SSB is part of NexBank Capital, Inc., a financial services company. www.NexBank.com
Member of the FDIC. Equal Housing Lender.
EVERFI, Inc. is the education technology innovator that empowers K-12, higher education, and adult learners with the skills needed to be successful in 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, Twitter founder Evan Williams, and Google Chairman Eric Schmidt. Learn more at everfi.com.