SLB Sponsors Student-Run Banks
Silver Lake Bank provides a student-run bank opportunity to three local high schools within the community. Students receive a career experience which includes visualizing the big picture of how a bank runs, the importance of accuracy, timeliness and accountability. Practical examples include balancing the bank, preparing monthly statements, performing audit functions, working up deposits, marketing and customer service.
The Bank’s support includes bank set-up, training assistance, troubleshooting and financial assistance with purchasing equipment. A database for account and transaction record keeping was developed by the Bank for the school’s use. Students, staff and organizations banking at the student bank utilize a transaction account, whereby deposits and payments are processed and reflected in monthly statements. The student bank’s business is settled daily complete with reporting on assets, liabilities and cash positions.
Silver Lake Bank values our school partnerships and believes the school bank provides a great educational opportunity to develop financial literacy for students not only enrolled in this program but for student account holders as well.
Silver Lake Bank sponsored student banks
WRHS Bank – Est. 2005 (Auburn-Washburn USD 437)
Golden Eagle Bank at SLHS – Est. 2013 (Silver Lake USD 372)
Seaman High School Bank – Est. 1927, SLB sponsorship 2017 (Seaman USD 345)