WASHINGTON, D.C., Nov. 19, 2012 (GLOBE NEWSWIRE) -- EagleBank today announced a new initiative to bring financial literacy education to high school students across Washington, D.C. by providing them with access to the EverFiTM—Financial Literacy learning platform. This web-based program uses the latest in new media technology – Level 4 simulations, avatars, gaming and adaptive-pathing – to bring complex financial concepts to life for today's digital generation. Through this platform, students will become certified in hundreds of topics in personal finance, allowing them to become more informed, responsible citizens. EagleBank has partnered with EverFi, Inc. to bring the interactive financial management program to these high school students at no cost to three schools in the district: Anacostia Senior High School, Perry Street Prep Public Charter School, and the Capitol Hill campus of Cesar Chavez Public Charter School for Public Policy.
"As a local community bank serving the Washington DC Metro Area, we are excited about another opportunity to be involved with our community… and, in particular, with a program that promotes basic financial education for local students. Too often, the lessons of personal money management, budgeting, saving and good credit practices are learned too late. To influence and introduce this group of students to the importance of using money and credit wisely will serve them well for a lifetime. We are proud to partner with EverFi to bring this exciting program to these schools," commented Thomas D. Murphy, EagleBank's President of Community Banking.
The 10-unit course offers approximately six hours of programming aimed at teaching, assessing and certifying students in a variety of relevant financial topics including credit scores, insurance, credit cards, student loans, mortgages, taxes, stocks, savings, 401k's and other critical concepts that map to national financial literacy standards. The platform uniquely tracks the progress and score of every student and provides students who successfully complete the course with Certification in Financial Literacy, a valuable mark of distinction on college applications and resumes.
"From the small rural towns to major cities across the US, EverFi technology is literally transforming how students learn, and we are incredibly grateful for the public-private partnerships that make this possible," said EverFi CEO Tom Davidson. "EagleBank is critical to the success of our mission to ensure that these cutting-edge tools reach all communities."
About Eagle Bancorp, Inc. and EagleBank
Eagle Bancorp, Inc. is the holding company for EagleBank, which commenced operations in 1998. The Bank is headquartered in Bethesda, Maryland, and conducts full service banking services through seventeen offices, located in Montgomery County, Maryland, Washington, D.C. and Northern Virginia. The company focuses on building relationships with businesses, professionals and individuals in its marketplace.
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EverFi is the leading education technology platform company to teach, assess, and certify students in critical skills including Financial Literacy, Student Loan Management, Digital Literacy, and Health and Wellness. The company is powering a national movement in 50 states that enables students to learn using the latest technology, including rich media, gaming, high-definition video, and simulations. EverFi teams with major corporations and foundations to provide the programs at no cost to schools. To date, more than 4 million students have completed EverFi learning platforms. Learn more at www.everfi.com.
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CONTACT: Thomas D. Murphy 240.497.2042
Source:Eagle Bancorp, Inc.; EverFi