Franklin Synergy Bank Announces Participation in the EVERFI National Financial Bee to Support Youth Financial Education
A new challenge, taking place during Financial Literacy Month, equips students with money management skills and encourages remote learning while social distancing
Franklin, Tennessee – April 22, 2020 – Franklin Synergy Bank today announced that it is sponsoring the EVERFI National Financial Bee, taking place through April 30. The National Financial Bee is a first-of-its-kind nationwide financial literacy challenge for students in 7th-10th grade, teaching money management to students.
As families across the country are struggling to balance work, childcare, and homeschooling amidst widespread school closures driven by the COVID-19 pandemic, the National Financial Bee provides an opportunity for students to have some fun and learn critical financial concepts at home while social distancing.
5 Day Financial Planning
The five-day challenge, created by social impact education innovator EVERFI, and supported by leading financial institutions nationwide, features a short daily digital lesson and capstone essay contest in which students will share a financial dream of theirs and how they plan to get there. Winners of the National Financial Bee will receive a total of $20,000 in college scholarships.
“At this time of uncertainty and after the recent announcement of schools closing for the remainder of the year, Franklin Synergy Bank remains committed to engaging our communities, increasing financial literacy, and driving impactful change,” commented Myers Jones, CEO. “We hope that the National Financial Bee can provide some support to parents and students while driving some new dinner-table conversations about important financial topics.”
During each day of the challenge, participating students will gain new skills to create a personalized financial plan and decision-making framework that they can apply to their lives now and in the future. Financial planning topics include spending and savings accounts, loans, credit and debt, employment and income, investing, and insurance.
“Across the country, families are facing unprecedented uncertainties and challenges. Parents are dealing with the loss of income or are adjusting to working from home, while students are trying to continue their studies outside of the classroom,” said Ray Martinez, founder, and president, EVERFI. “We’ve always been committed to helping students increase their financial literacy, and during this historic time we are also working to help parents feel secure — and help students stay engaged. The National Financial Bee is a fun way for students to compete with their peers while social distancing.”
To learn more about the National Financial Bee, visit franklinsynergybank.com/financialbee.
About Franklin Synergy Bank, Community Bank
Franklin Financial Network, Inc. (NYSE: FSB) is a financial holding company headquartered in Franklin, Tennessee. The Company’s wholly owned bank subsidiary, Franklin Synergy Bank, a Tennessee‑chartered commercial bank founded in November 2007 and a member of the Federal Reserve System, provides a full range of banking and related financial services with a focus on service to small businesses, corporate entities, local governments and individuals. With consolidated total assets of $4.1 billion at June 30, 2019, the Bank currently operates through 15 branches in the growing Williamson, Rutherford and Davidson Counties, all within the Nashville metropolitan statistical area. Additional information about the Company, which is included in the NYSE Financial‑100 Index, the FTSE Russell 2000 Index and the S&P SmallCap 600 Index, is available at www.FranklinSynergyBank.com.
About EVERFI, Inc.
EVERFI is an international technology company driving social change through education to address the most challenging issues affecting society ranging from financial wellness to prescription drug safety to workplace conduct and other critical topics. Founded in 2008, EVERFI is fueled by its Software-as-a-Service (SaaS) community engagement platform and has reached more than 41 million learners globally. Recognized as one of the World’s Most Innovative Companies by Fast Company in 2020, EVERFI powers community engagement in a sustained manner to empower individuals and organizations to make an impact within their communities. The Company also convenes Networks to bring together financial institutions, colleges, and universities, and some of the largest corporations to leverage insights and connections to drive impact. Some of America’s leading CEOs and venture capital firms are EVERFI investors including Amazon founder and CEO Jeff Bezos, Google Chairman Eric Schmidt, Twitter founder Evan Williams, as well as Advance, Rethink Education and Rethink Impact. To learn more about EVERFI visit everfi.com or follow us on Facebook, Instagram, LinkedIn, or Twitter @EVERFI.