OVB BANKit celebrates successful year

Summer vacation is officially in full swing for area youth. Ohio Valley Bank is proud of all local students and teachers for successfully completing another academic year. OVB also congratulates all area students who participated in and completed the OVB BANKit program.

As an effort to continue to promote financial literacy, OVB once again partnered with six area high schools to present their BANKit program, which brings real life banking lessons to the classroom through a fun, interactive format. The program, which was launched in 2010, also works as a game where students compete to win cash prizes. It spans the entirety of the academic year or semester. At the beginning of the school year, students are presented with $100 in “buzz bucks,” the OVB BANKit currency. Students may elect to keep their buzz bucks in cash or place it in mock accounts, which include checking, savings, money market and certificate of deposit. In addition, students can choose to purchase and sell shares of Pseudosoft stock, the fictional OVB BANKit company. The overall goal is to have the highest portfolio total at the end of the school year/semester.

With every OVB BANKit session, which typically occurs on a monthly basis, students have the opportunity to work on their banking and deposit money into their accounts of choice. During this time, the importance of money management is stressed as students are also required to draw a Real Life Card. The Real Life Card may provide unexpected cash or could be a bill, which requires immediate payment.

In addition to the gaming portion, OVB BANKit features a variety of banking topics per session. Topics covered include:

  1. Bank account types
  2. Check writing as well as basic bank paperwork, including deposits and withdrawals
  3. Credit/Credit Scores/Credit Reports
  4. Debit vs. Credit
  5. Budgeting
  6. Identity Theft

OVB BANKit reached students at Gallia Academy High School, River Valley High School and South Gallia High School in Ohio as well as Point Pleasant High School, Wahama High School and the Mason County Career Center in West Virginia. The Mason County Career Center includes students from Point Pleasant and Wahama as well as Hannan High School. Approximately 385 students completed the program this academic year.

Once again, this year’s OVB BANKit program was competitive across the board. Students at all participating schools successfully completed the program, but a few stood out as the overall BANKit game winners. Each school winner received a $50 cash prize as a reward for having the highest portfolio total. Participating classes at each school also competed against one another for a special group prize. In addition, on the final OVB BANKit visit at each school students had a chance to test their knowledge with the Final Review Game. The game, which covered all the financial topics discussed throughout the program, was elimination style that saw one winner from each class taking home a cash prize.

The following students were this school year’s OVB BANKit winners:

  1. River Valley High School (semester one): Ryan Lollathin
  2. River Valley High School (semester two): Michael Cicoff
  3. Mason County Career Center (semester two): Carl Sayre
  4. Gallia Academy High School: Emmanuel Valadez
  5. South Gallia High School: Andrew Small
  6. Point Pleasant High School: Christian Holland
  7. Wahama High School: Brady Bumgarner

Winners of the Final Review Game:

  1. River Valley High School: Brooke Tracewell, Lexi Hogan, Sydnee Runyon
  2. Mason County Career Center: Hannah Blain, Brianna Haga
  3. Gallia Academy High School: Alexis Chapman, Bronson Carter, Justin Wilcoxon, Brooke Johnson
  4. South Gallia High School: Timothy Murphy, Cassadee Stonecipher, Andrew Small
  5. Point Pleasant High School: Blayne Butler, Carson Taylor, Brody Jeffers, Jennifer Williamson
  6. Wahama High School: Chris Courtney, Jacob Lloyd, Brandon Duncan

OVB BANKit is coordinated by OVB Financial Literacy Leader Hope Roush. For more information on BANKit and other financial education programs, e-mail hdroush@ovbc.com.

 

 

Students react to OVB shareholders meeting

2019 Annual Meeting reactions

Ohio Valley Banc Corp. welcomed students from South Gallia High School and River Valley High School at their annual shareholder’s meeting.

Ohio Valley Banc Corp. recently held their annual shareholder’s meeting. Community was once again a main focus of this year’s event. As future leaders of our community, this year’s meeting also welcomed students from South Gallia High School and River Valley High School.

Julia Nutter, a recent graduate of River Valley High School, has attended the shareholder’s meeting for the past three years. While she has always been interested in the business aspect, she said that she really enjoyed learning about OVB’s Community First efforts.

“It’s interesting to see how when the bank is successful, the community is successful too,” she said.

Michelle Alderman, a personal finance teacher at River Valley High School, also attended the meeting with Nutter. She described the event as a great opportunity for their students to learn more about their local bank and how it operates.

“All semester long they have been learning about and applying financial literacy skills. Some students even open accounts at OVB and by attending the annual meeting they get to see how the topics they have learned are applied in a real world setting. They learn how their local bank works to be involved and is committed to their local community,” Alderman said. “I always enjoy learning about how OVB is working to improve our local community and putting money back into the counties they serve.”

Jeff Fowler, South Gallia High School American history teacher, echoed Alderman’s thoughts.

“This gives (students) a look at real world business operations at the local and regional level in the banking industry, which reflects governance of any corporation,” he said. “This allows them to see how active a local bank is in their local community not in the sense of just accounts but in the sense of economic growth.”

Chad Bostic, a recent graduate of South Gallia High School, described the event as an opportunity to learn more about the business of bank operations.

“I learned about the personnel of the bank and how the corporation operates itself,” Bostic said. He added that he also enjoyed learning about OVB’s plans for their future and how it will impact the community.

Madison Graves, South Gallia High School sophomore, enjoyed the financial aspect of the shareholders meeting. She said she is interested in accounting and that she enjoyed seeing how the bank makes money.

“I learned all the finances of the bank and thought it was interesting how it works,” she said. “I thought learning about the bank’s community involvement was neat. I never really thought about it before and it makes a lot of sense in how (OVB) views the community.”

Both Fowler and Alderman said they were pleased to bring students to the shareholder’s meeting once again and that they hope to continue doing so in the future. River Valley High School and South Gallia High School are also participating schools in OVB’s BANKit program. For more information on that as well as other financial education programs, contact OVB Financial Literacy Leader Hope Roush at hdroush@ovbc.com.