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.

 

 

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