In 2012, Saint Andrew School established an exciting partnership with the First National & Trust Bank of Newtown on a unique educational adventure.
The Saint Andrew School Bank was created to encourage and educate our students on financial literacy. The premise would have been that a student from K-8 could save a little bit of money each week from his/her birthday, allowance, etc. allowing him/her to take ownership of their own savings account.
Monsignor Picard and Mr. Dan Schaffer, CEO of First National & Trust Bank, along with the support of Mrs. Matteo believed this bank would put Saint Andrew on the map for creating the first actual bank in an elementary school in Pennsylvania. Their support and vision along with a new curriculum created by the American Bankers Association Education Foundation laid the cornerstone for the bank becoming a reality.
Opening an Account
- At the Saint Andrew bank a student only needs a $1.00 to open an account
How It Works
- Student tellers comprised of seventh and eighth grade students, are placed in a leadership position and given the opportunity to excel in financial literacy.
- Two bank supervisors provide guidance and supervision for our bank tellers
- Each class visits the bank on Thursday to deposit money into their savings account.
Getting Started
- Click here to learn more and download the application.
- Stop by the bank office and pick up an application there.
Got Questions?
Call Rick Rosenblatt at 215-968-2685 ext 207.
More Financial Programs at Saint Andrew School
- Our Junior Achievement program K-8th is in its 5th year and will start in the spring.
- The stock market club is a full year club from grades 6th-8th.
- Every Thursday (Bank Day) a student announcer will educate the school about financial literacy, and a banker of the week will be selected to go on TV and tell Mrs. Matteo what they’re saving for.