Cats Bank at Conway High School is once again open for business!
The bank for CHS students had its Grand Reopening Thursday, November 2.
Senior Parker Gavazzi was the first official customer, with six accounts opening the first day of business.
The bank is set up for students to deposit money and save it until they need it. Each student receives his or her own personal check register and regularly receives bank statements.
CHS Teacher Alyce Hardee teaches the Banking class and oversees the Cats Bank. She says this is one of the most fulfilling things she does in her teaching experience.
"The students are excited to have their very own checking account," says Hardee. "Some do this with their parents but this gives them the opportunity to manage their account like they want to for school trips, senior trips, graduation, prom, etc. I have even had a few that saved to obtain a down payment for a vehicle."
Students in the Banking Class will hold positions such as Bank Manager, Assistant Bank Manager, Head Teller, Teller, Auditor, Customer Service, and Security.
Both customers and "employees" will learn about managing their money as well as the banking system.
"The first year I had a student ask if she could open an account in the bank without being in the banking class," says Hardee. "I told her anyone that goes to this school can. She needed to save money for an Orchestra trip and she felt like if she put it in Cats Bank she would save better and not get into it. She ended up saving around $1500-$1700 for that trip!"
Other school districts in the state have looked at Cats Bank as a model for implementing similar programs in their own schools.
The students can earn certifications from the Arkansas Bankers' Association from their work on this project and their Banking Course.
Conway Public Schools News
To submit items for our news feed, e-mail ideas and information here.