RIVERDALE, MD – Congressman Steny Hoyer toured Parkdale High School’s Capital One student-run bank branch program and held a discussion with students about the importance of financial literacy. The Capital One bank branch program focuses of academic achievement and provides high school seniors with critical life skills, job training and financial literacy training they are able to pass back to their peers and community.
“Financial literacy is so critical for all people,” said Hoyer. “If young people are educated to financial awareness early on, they won’t be subject to the fraud that so many of our seniors are subjected to since they don’t understand.”
Hoyer encouraged students to share their experience and to educate their communities, families and peers about the importance of money management skills.
“It’s an incredibly selective program,” said Celia Edwards Karam, Market President Capital One Bank for Washington, DC and Prince George’s County. We had a little more than 100 applicants for this class and they submitted resumes, cover letters and an essay of why they would like to be selected into the program.”
Once the application process is complete, Capital One chooses between 10 to 12 student bankers to staff the program each year. The program has helped students develop career awareness, connect with industry professionals and acquire on the job training as professional bankers.
“My initial interest in joining the program was to help our fellow peers,” said Daniel Osorio, Senior at Parkdale High School. “I think this program will help me choose a career, and if I will continue my career choice in becoming an accountant or managing my own business.”
In 2011, the Parkdale High School branch became the first Capital One student-run bank branch in the Greater Washington area, and the fourth school branch opened by Capital One since 2007.
Click here to view photos.