School Savings Banks

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OVERVIEW

The newest branches of Western Nebraska Bank (WNB) will open their doors for the first time this fall at Lake Maloney Elementary School and Madison Middle School. The Lake Maloney Wildcat Branch and Madison Bulldog Branch will be open once a week for student savings deposits only. Incentives will be provided as the students reach various savings goals. All students must obtain parental permission to participate. These branches will be staffed by a WNB representative and student tellers who go through an interview and training process with WNB.

Each year, new students will have the opportunity to be part of the new teller group. The students will balance their accounts for the duration of their time at the school and upon graduation, student savings members will be able to open their own savings accounts or withdraw the money.

We’ve partnered with North Platte Public Schools and the Nebraska Council on Economic Education to open these student branches which allow us to integrate money management into our students lives. These branches are designed to introduce the concept of saving early, demonstrate that it should be part of their finance plan for their future and increase parental involvement in savings and banking. It also can provide an opportunity for them to discover careers in the area of banking and finance.

Lake Maloney Branch

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Madison Branch

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