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Humboldt Bank launched the Learn to Earn program in September 1996 to help teach children the value of saving money and give them practical banking knowledge. Humboldt Bank and local schools have joined together to create winning teams throughout Humboldt and Trinity counties. Since the program's beginning with Pacific Union School in Arcata, the in-school banking program has grown to over 50 local elementary schools.

Each Wednesday, St. Mary's School has its own special on-campus banking day for students to deposit their savings. The Bank designed a savings account especially for students that features a low opening deposit of $1.00 and earns interest immediately. Upon opening an account, each student receives a Learn to Earn moneybag and their personal kid-sized passbook. Quarterly statements are mailed directly to the students' homes. The Bank has been recognized by the California Treasurer's Office as the first in the state to accept student's deposits at school.

In January 1997, the Learn to Earn program was officially deemed part of the State's official Save-at-School program and has been recognized as the most active participant in the program. At the end of the 1998 school year, 4,862 accounts had been opened in 75 schools throughout California as a result of the Save at School program. Of these totals, 2,137 accounts were opened in the 28 schools within the Humboldt Bank Learn to Earn program alone. Humboldt Bank is committed to this program and it shows!

For more information about Learn to Earn, please contact Jo Anna Leppek-Davis, Learn to Earn Coordinator at 707.444.6134 or Sarie Toste, Learn to Earn Administrator at 707.444.6162 or Xavier Ayala, Learn to Earn Representative at 707.269.3222.

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Copyright © 2001 St. Mary's School
Last modified: September 19, 2000