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Office of Communications
Last modified: 9/6/2011 4:23:46 PM
News Release

Parkdale High School Students Open Student-Run Bank
July 13, 2011
For Immediate Release
CONTACT:
Office of Communications
301-952-6001
Superintendent William R. Hite, Jr., Parkdale HS Principal Cheryl Logan, Lt. Gov. Anthony Brown, PGCPS BOE Member Patricia Eubanks, County Executive Rushern Baker and PGCPS BOE Member Peggy Higgins Celebrate the Opening of the Student Run Bank

This summer, ten Prince George's County Public Schools (PGCPS) students from Parkdale High school will participate in the Capital One Student Banking Program in Newark, New Jersey. This pre-college program will be held at the New Jersey Institute of Technology from July 31 through August 4.  

“This is a wonderful opportunity for our students to learn about financial planning and how to use this tool to envision their future goals,” said Dr. William R. Hite, Jr., Superintendent of Schools. “In addition, students can experience working in a professional environment.”

PGCPS students were selected through an interview process and by submitting an essay. This program will allow students to learn about the key concepts of financial markets and institutions, as well as expand their understanding of finance beyond their personal budgets. The student-run banks are also designed to provide life-skills training, mentoring opportunities, and provide mainstream banking.
 

Students will also learn how to run the bank branches they will be operating at their schools. To get them prepared for the banks’ opening day, students have been participating in a series of teller trainings, and financial education classes over the summer. 

The full service Capital One Bank will be installed at Parkdale High School this summer and will open to students and staff three days a week. Parkdale High School will house the fourth student-run bank, joining schools in Harlem, New York; Bronx, New York; and Newark, New Jersey. 

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About PGCPS: Prince George’s County Public Schools (PGCPS) is one on the nation’s 25 largest school districts, with 208 schools and centers, more than 127,000 students, and nearly 22,800 employees. With an annual budget of $1.79 billion, the district serves a diverse student population from urban, suburban, and rural communities. PGCPS offers a wide variety of innovative academic programs, including language immersion, high school career academies, and dual enrollment. Its location just outside of Washington, D.C. enables the district to partner with higher education and local and national agencies and businesses to provide unique learning opportunities for students.