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Secrets of Financial Success Achieved at Rogers High School

Newport, RI (April 28, 2016) – On April 13, one hundred seniors from Rogers High School in Newport, Rhode Island  participated in a Financial Education Fair, the culminating event to a series of financial education presentations conducted by BankNewport during the 2015-2016 academic school year.  The Fair was held in the Rogers High School gymnasium.

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Celebrating Financial Education at the Rogers High School Financial Education Fair are (from (left to right):  Rogers High School Instructor, Maria Tavarozzi; Newport City Council, Justin McLaughlin; BankNewport Board Member, James Wright; Newport School Committee, Dr. Sandra Flowers; Rhode Island House of Representatives, Marvin Abney; Newport Superintendent of Schools, Colleen Burns Jermain; BankNewport Board Member, MaryJo Carr; Newport City Council, Lynn Underwood Ceglie; and Mayor of Newport, Jeanne-Marie Napolitano.


A highly interactive simulation, the Fair placed students through a realistic budgeting experience, presenting them with a series of “real life” spending decisions.  Guests in attendance to celebrate the students’ success included BankNewport President and CEO, Sandra Pattie; Mayor of Newport, Honorable Jeanne-Marie Napolitano; Rhode Island House Representative, Honorable Marvin Abney; Newport City Council Members, Lynn Underwood Ceglie and Justin McLaughlin; Newport Superintendent of Schools, Colleen Burns Jermain; and Newport School Committee members, Dr. Sandra Flowers and Kathleen Silvia.

The Fair provided students with the opportunity to put into practice what they learned in the classroom and to interact with local businesses as consumers based on their chosen careers and corresponding monthly income and living expenses.


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OceanPoint Insurance Agency Director of Sales, Christine Porter (right) reviews homeowners versus renters insurance options with students (left to right) Sheyla Custodio, Yamilette Colon, Maria Luisa and Tahj Chapman at the Rogers High School Financial Education Fair.

Local businesses joining BankNewport at the Fair included Best Buy, Community College of Rhode Island, Donovan Travel, Empire Beauty School, Gustave White Sotheby’s International Realty, Hyundai of Newport, Newport County YMCA, OceanPoint Insurance Agency, Inc., Potter League for Animals, Salve Regina University, and Stop and Shop of Middletown.

It was the fourth year that BankNewport has partnered with Rogers High School to sponsor the financial literacy program.  Monthly classroom presentations conducted by the Bank’s management team introduced students to strategies for developing a successful career, the benefits of establishing savings and checking accounts, electronic banking demonstrations, a review of financial planning and saving for the future, the types and sources of credit, ways to establish good credit, and the importance of monthly budgeting.  Bank representatives provided basic information on these topics to help students understand the importance of managing their personal finances in order to be prepared for the financial challenges and lifestyle decisions they will face as adults. 

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Gustave White Sotheby’s International Realty Agent, Paul Leys (right) discusses housing options with his son Mac, a senior, during the Rogers High School Financial Education Fair.

 

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Newport Superintendent of Schools, Colleen Burns Jermain enjoys hearing what students Jesse Simmons, Summer Rogers, Ciara Behan and Alix Paul have learned during the Rogers High School Financial Education Fair. 

 

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CCRI Newport Campus Site Manager, Robyn Greene shares tuition and student loan options with students Jose Luis Lora Vargas and Kathia Rangel during the Rogers High School Financial Education Fair. 

 

BankNewport, founded in 1819 and currently holding $1.4 billion in assets, is an FDIC-insured savings bank and is a subsidiary of OceanPoint Financial Partners, MHC (Mutual Holding Company). BankNewport is proud to serve the financial needs of individuals and businesses from 15 banking offices located throughout Rhode Island.