BERRYVILLE, Va., July 22,
2024 /PRNewswire/ -- Bank of Clarke has announced a new partnership with
Greenlight® Financial Technology, Inc. Through this
collaboration, Bank of Clarke
customers will receive free access to the award-winning Greenlight
family finance app as part of the Greenlight for Banks program.
This initiative underscores Bank of Clarke's dedication to serving its footprint
by promoting financial literacy.
"Bank of Clarke's partnership
with Greenlight will empower our customers to educate their
children about money management, fostering healthy lifelong
financial habits," said Brandon
Lorey, President and CEO of Bank of Clarke. "We're proud to be the first community
bank in Virginia to offer this
innovative program. Some of our senior staff are already using it
with their children and have given it rave reviews."
Greenlight provides parents with a convenient, cashless solution
to automate allowance payments, manage chores, set flexible
spending controls, and send money instantly. Children gain
practical money management experience by learning to earn, save,
donate, and spend wisely under parental supervision using the
Greenlight debit card and app. Children also get access to
Greenlight Level Up™, an in-app financial literacy game
with an excellent curriculum, educational challenges, and
rewards.
"We created the Greenlight for Banks program to assist financial
institutions in better serving families and engaging the next
generation with top-notch financial education," said Matt Wolf, SVP of Business Development at
Greenlight. "Community banks like Bank of Clarke are ideally positioned to enhance
financial literacy thanks to their strong community ties and
exceptional customer care."
As of July 16, 2024, Bank of
Clarke customers can register
online at greenlight.com/clarke to receive a free Greenlight
subscription and link their Bank of Clarke account as a funding source. Parents
can add up to five children, each with their own debit card.
About Bank of Clarke
Founded on April 1, 1881, Bank of
Clarke now operates 14
full-service branches, two loan production offices, a wealth
management office, and one drive-through only facility. The main
office is located at 2 East Main Street in Berryville, Virginia, with additional offices
in greater Clarke County,
Frederick County, Fauquier County, Loudoun County, Fairfax County, and the City of Winchester, VA, as well as an office
in Frederick, Maryland.
Bank of Clarke's mission is to
be a trusted partner in the communities it serves, providing
financial solutions to help people achieve their financial goals at
every life stage. The bank aims to build lifelong relationships
with customers, employees, shareholders, and communities,
maintaining its status as a high-performing, independent community
bank that offers best-in-class technology, products, and services.
For more information, visit www.bankofclarke.bank. Member FDIC.
About Greenlight
Greenlight Financial Technology is the family fintech company on
a mission to help parents raise financially-smart kids. Its
product, Greenlight, is an award-winning banking app, complete with
a debit card for kids and teens and safety features for the whole
family. Parents can automate allowance, manage chores, set flexible
spending controls, and invest for their family's future. Kids and
teens learn to earn, save, spend wisely, give, and invest.
Together, families can also stay safe and connected with location
sharing, SOS alerts, crash detection with 911 dispatch, driving
scores, reports and real-time trip alerts.
Greenlight partners with more than 60 leading banks, credit
unions, and employers to bring its family finance solution to more
families through the Greenlight for Banks, Greenlight for Credit
Unions, and Greenlight for Work programs.
The Greenlight Debit Card is issued by Community Federal Savings
Bank, member FDIC, pursuant to license by Mastercard International.
Greenlight Investment Advisors, LLC, an SEC Registered Investment
Advisor, provides investment advisory services to its clients.
Investing involves risk and may include the loss of principal.
Greenlight is a financial technology company, not a bank. The
Greenlight app facilitates banking services through Greenlight's
bank partners. For more information, please visit:
greenlight.com.
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SOURCE Bank of Clarke