The Palmetto Bank Teaches Teens About Using Credit Wisely
October 21, 2010
GREENVILLE, SC – October 21, 2010 – Employees of The Palmetto Bank today taught students the do’s and don’ts of credit to mark National Get Smart About Credit Day, a financial literacy program sponsored by the American Bankers Association Education Foundation.
The presentation is one of many being made by bankers across the country as part of a nationwide effort to help young people take charge of their personal finances.
Above photo: Coach Bill Seawright, Teacher, Laurens High School, Business Law Class, 2nd Period, Blake Davis, Branch Manager, North Harper, The Palmetto Bank, Liz Self, Branch Manager, Church Street, The Palmetto Bank
“The choices young adults make with their credit card will impact their lives years later when they apply for a car loan or even a mortgage,” said Sam Erwin, Chief Executive Officer and President, The Palmetto Bank. “We are participating in the Get Smart About Credit program
to raise awareness about the responsible use of credit. And, to show young adults how they can use credit wisely, right from the start.”
Presentations focused on six core activities – the “how-to’s” of credit – including obtaining and managing credit, reading a credit report effectively, understanding the importance of a good credit record, budgeting now to help avoid credit problems later, and keeping personal financial information secure.
About The Palmetto Bank
Headquartered in Greenville, South Carolina, The Palmetto Bank is a 104-year old independent state-chartered commercial bank and is the fifth-largest banking institution headquartered in South Carolina. The Palmetto Bank has assets of $1.4 billion and serves the Upstate through 29 banking locations in Abbeville, Anderson, Cherokee, Greenville, Greenwood, Laurens, Oconee, Pickens, Spartanburg and York counties. The Bank specializes in providing personalized community banking services to individuals and small to mid-size businesses including Retail and Commercial Banking, Mortgage, Trust, Brokerage, and Insurance. Additional information may be found at the company’s web site at www.palmettobank.com.
