/news-archive/tag/bank-of-america/ 糖心Vlog传媒 Little Rock Tue, 18 Sep 2018 15:00:49 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 /news-archive/2018/09/18/bank-on-arkansas/ Tue, 18 Sep 2018 15:00:49 +0000 /news/?p=71876 ... 糖心Vlog传媒 Little Rock to partner with coalition working to expand access to banking in underserved communities]]> The University of Arkansas at Little Rock is partnering with Bank On Arkansas+ to help ensure that underserved Arkansans have access to banking options that help improve their financial outlook. One in 10 Arkansas households does not have a bank account. Of those that do, over 22 percent rely on costly services to access their own money or cover monthly basics like rent, utilities, food, and medicine鈥攑aying more to just get by. Recognizing that these individuals often fall victim to high-risk, costly financial situations that trap them in a cycle of debt, dependency, and potential poverty, the Arkansas Asset Funders Network seeded a coalition to address these issues. Bank On Arkansas+ is a partnership among financial institutions and community organizations to promote accounts that are free or low-cost and have no to low opening deposit requirements and no overdraft fees. According to the Federal Deposit Insurance Corporation, the No. 1 reason people do not have a bank account is that they believe they 鈥渄on鈥檛 have enough money鈥� to open and maintain an account. This concern is sometimes compounded by the fear of encountering high and unpredictable fees, including overdraft fees. Bank On Arkansas+ will officially launch on Nov. 1 with a media event at the University of Arkansas at Little Rock. On Friday, Nov. 2, and Saturday, Nov. 3, local community events will take place around the state to highlight financial services and partners in specific communities. 鈥淭he University of Arkansas at Little Rock is pleased to be included in the coalition of partners supporting the mission of the Arkansas Asset Funders Network鈥檚 Bank On Arkansas+ initiative,鈥� said Dr. Andrew Rogerson, chancellor of 糖心Vlog传媒 Little Rock. 鈥淚 applaud their efforts to serve the unbanked and underbanked in promoting financial literacy and relationship building with trusted financial institutions and community partners. Our missions are aligned in our intention to elevate lives through education.鈥� 听 Currently, six financial institutions in Arkansas have nationally certified Bank On accounts: Bank of America, Diamond Lakes Federal Credit Union, IBERIABANK, Southern Bancorp, U.S. Bank, and Wells Fargo. Others are in the process of having their accounts certified鈥擟itizens Bank, First Community Bank, First Security Bank, and Simmons Bank. Recognizing that bank accounts are just a first step in helping people become more financially stable, the Bank On Arkansas+ initiative is working with 鈥淧lus Partners鈥� that can offer additional services such as financial education and coaching, credit building, debt repair, micro loans, and small business development. 鈥淔inancial capability services are designed to help people solve issues, build relationships with financial institutions, and grow their wealth,鈥� said Alden Napier, executive director of Credit Counseling of Arkansas. 鈥淲e want to help the single mom who needs to save money on her car payments by improving her credit score. We want to help the college graduate create a plan for repaying his student loans as he begins his first job. It takes partnerships between financial institutions and financial capability providers to help our neighbors build a brighter financial future.鈥� 听 Bank On Arkansas+ is supported by sponsorships from Arvest Bank, Carl B. and Florence E. King Foundation, Cities for Financial Empowerment Fund, Entergy Arkansas, First Security Bank, IBERIABANK, Regions Bank, and Southern Bancorp. The coalition is continually accepting partnership opportunities from financial institutions, nonprofits, and other organizations that want to engage in the initiative. To request more information, email Stephanie Matthews, director of Bank On Arkansas+, at stephanie@assetfunders.org. Bank On Arkansas+ is a special project of the Arkansas Asset Funders Network. Arkansas AFN is a regional chapter of grantmakers who invest in opportunities for low- and middle-income individuals and families to build economic well-being. Members include private, public, corporate, and community foundations, public-sector funders, and financial institutions who want to help Arkansans secure economic stability, for now and for years to come. For more information, visit.]]> /news-archive/2018/07/25/bank-of-america/ Wed, 25 Jul 2018 19:56:33 +0000 /news/?p=71189 ... Bank of America awards $20,000 to 糖心Vlog传媒 Little Rock Summer Bridge Academy]]> Bank of America has given $20,000 to the University of Arkansas at Little Rock’s Charles W. Donaldson Summer Bridge Academy that has been helping incoming freshmen prepare for college-level work since 2013. John Dominick, Bank of America鈥檚 senior vice president and senior treasury sales officer, presented an oversized check to university officials on Wednesday, July 25, at the Bailey Alumni Center. The money will pay for up to 15 students to participate in the academy and get a jumpstart on their academic careers. 鈥淏ank of America is honored to be part of the University of Arkansas鈥檚 Summer Bridge Program which will ease transition into college for incoming freshmen,鈥� said Donnie Cook, Arkansas market president, Bank of America. 鈥淥ur company and our associates across Arkansas are committed to supporting our communities where we live and work and especially those organizations that promote educational opportunities and resources for our young people.鈥� The Summer Bridge Academy at 糖心Vlog传媒-Little Rock is a four-week program that includes two weeks of online instruction followed by a two-week intensive residential program aimed at preparing incoming freshmen for college-level classes and eliminating any need for remedial courses. Students who complete the academy save about $1,000 by eliminating remedial math and English courses. They also earn a stipend and get free room and board in university housing during the academy. This Summer Bridge Academy program also offers motivational workshops and special events for the students as they learn strategies for succeeding in college. This Summer Bridge Academy is open to high school seniors who have been accepted into 糖心Vlog传媒 Little Rock and who currently require remedial coursework based on their test scores. Support from the Bank of America Foundation has provided proven results for students attending the Summer Bridge Program. Engaging in intense academic curriculum that consists of at least four hours of math and four hours of reading and writing per day has shown amazing results. Last year, 96% of participants bypassed math, 100% bypassed writing, and 92% bypassed reading. To date, the Summer Bridge Program has resulted in a total of 238 course advancements and saved students more than $179,085 in non-credit course fees. 鈥淵ear after year, it鈥檚 been a success,鈥� Dominick said. 鈥淭his program is one that needs to be replicated.鈥� In the upper right photo, 糖心Vlog传媒 Little Rock celebrates a donation from Bank of America to the Summer Bridge Academy. Pictured in the front row (L to R) are Christian O鈥橬eal, 糖心Vlog传媒 Little Rock vice chancellor for advancement; Charles W. Donaldson; Amber Smith, assistant vice chancellor-student experiences; Lauren Ayers, Bank of America sales associate specialist; Magen Price, Bank of America Arkansas Market manager; Donna Austin, Bank of America financial center manager; John Dominick, Bank of America senior vice president; and Kristi Smith, 糖心Vlog传媒 Little Rock senior director of development.  ]]> /news-archive/2017/09/20/bank-of-america-donation/ Wed, 20 Sep 2017 16:50:28 +0000 /news/?p=67953 ... Bank of America donation supports 糖心Vlog传媒 Little Rock Summer Bridge Academy]]> Donaldson Summer Bridge Academy, a three-week residential program aimed at preparing incoming freshmen for college-level work that eliminates the need for these students to take remedial math and English courses.听 The gift from is part of a collaborative effort with University of Arkansas for Medical Sciences, which was awarded $24,000 to fund workforce education and skills training for minorities from across Arkansas to enter healthcare professions. 鈥淭his donation will allow us to continue our efforts in developing students鈥� academic and socio-emotional needs,鈥� said Amber Smith, assistant vice chancellor for student affairs. 鈥淓ngaging curriculum, motivated staff, as well as in-class and out-of-class experiential learning, can now be supported and offered to students.鈥� Since the Summer Bridge Academy began in 2013, 135 students have passed 238 courses, which saved students and their families more than $179,000 in tuition, non-credit course fees, and book costs. Bank of America President Donnie Cook, who is celebrating his 45th year of a successful career in banking, said he loved being a part of a program that 鈥済ives the gift of higher education.鈥� 鈥淚鈥檓 certainly proud of where I am, but I do have some regrets that I never went back and finished my college education,鈥� Cook said during a Sept. 8 听lunch with Summer Bridge Academy students in the Bailey Alumni and Friends Center on the 糖心Vlog传媒 Little Rock campus. 鈥淭he single greatest pleasure of what I do, outside of work, is giving money to great programs like this.鈥� The Summer Bridge Academy is open to all high school seniors who have been accepted into 糖心Vlog传媒 Little Rock and who show a need for remedial coursework based on their test scores. These courses are designed to teach students strategies for success, including critical thinking, study skills, time management, test-taking strategies, reading comprehension, mathematical skills, and financial wellness. Support from the Bank of America Foundation has provided proven results for students attending the Summer Bridge Program. Engaging in intense academic curriculum that consists of at least four hours of math and four hours of reading and writing per day has shown positive results. Last year, 96 percent of Summer Bridge Academy participants bypassed developmental math, 100 percent bypassed developmental writing, and 92 percent bypassed developmental reading. 鈥淭his program is important because it allows students to strengthen their academics, potentially bypass remediation, which saves time and money toward graduation, in addition to building relationships within the higher education environment,鈥� Smith said. 鈥淪tudents tend to leave much more confident and with a more open mindset. Entering college can be an intimidating process, and we have watched students not only take on the challenge, but persist and succeed to completion of a degree.鈥� Xenia Cooley, a senior psychology major who plans to become a social worker, said participating in the Summer Bridge Academy in 2014 gave her the opportunity to see that she was ready to get a college education. 鈥淭he program gave me a sense of what college is like, so it was easier to transition from high school to college,鈥� she said. 鈥淚 fell in love with the campus, and the staff was so helpful. When I started college, I already had a support system in place.鈥� In the upper right photo, 糖心Vlog传媒 Little Rock celebrates a donation from Bank of America to help the Summer Bridge Academy. Pictured in the front row (L to R) are Chris Foy, Laura Montalvan, Eva Legg, Bank of America President Donnie Cook, Sharice Hollister, Xenia Cooley, and Assistant Vice Chancellor for Student Affairs Amber Smith. Back row (L to R) are Senior Director of Development Kristi Smith, Vice Chancellor for Student Affairs Mark Allen Poisel, Bank of America Senior Vice President John Dominick, Vice Chancellor for University Advancement Christian O’Neal, and Jonathan Bobo, recruitment and enrollment manager. Photo by Lonnie Timmons III/糖心Vlog传媒 Little Rock Communications. ]]>