Press Release: May 1, 2017
SouthEast Bank received the Financial Capability Innovation award from EverFi at Nasdaq.
New York – SouthEast Bank was honored at the third annual Financial Capability Innovation Awards presented by one of the nation's leading technology innovators, EverFi, Inc. Presented at Nasdaq Marketsite in New York City, the award recognizes SouthEast Bank's significant efforts to improve the financial capability of Americans through unique digital learning initiatives.
"SouthEast Bank is committed to giving students the tools to build a better financial future, and we are proud to bring this innovative program to Tennessee schools," said SouthEast Bank President Monty Montgomery. "We are honored to have been presented with this award, but the true reward comes from seeing that the over 14,000 students who have participated in this program collectively demonstrate significant knowledge gains on critical topics such as savings opportunities, credit scores, student loans, and consumer fraud."
Honorees were selected based on a set of criteria that included the scale and reach of their financial education initiatives, the duration of their commitment, and unique employee volunteering activities that supplement their programs.
"Each year, we travel to the birthplace of the American financial system to honor institutions that are truly dedicated to going above and beyond in service to their communities," said Ray Martinez, EverFi President of Financial Education. "The Financial Capability Innovation Awards have given us the opportunity to share and celebrate the tremendous investment these institutions are making and continue to make in the communities where they live, work, and serve. For EverFi, our time here reminds us just how critical the role innovation continues to play in empowering Americans to pursue economic opportunity and achieve financial security for themselves, their families, and their community."
SouthEast Bank is committed to providing students with the skills and knowledge needed to successfully navigate the increasingly complex financial world we live in. SouthEast Bank has partnered with EverFi to bring the SouthEast Bank Financial Scholars Program to local students at no cost to schools or taxpayers and has reached over 14,750 students since 2012. The web-based program uses the latest in simulation and gaming technologies to bring complex financial concepts to life for today's digital generation.
Administered by teachers in a classroom setting, the web-based course offers over six hours of programming on a variety of financial topics including credit scores, insurance, credit cards, student loans, mortgages, taxes, stocks, savings, 401ks and other critical concepts that map to national financial literacy standards. The platform uniquely tracks the progress and performance of every student.
SouthEast Bank's primary philanthropic mission is to support education and economic development through programs such as SouthEast Bank Scholars, Prep Promise, Renewing Academic Commitment, the Haslam College of Business' Global Leadership Society Scholarship, and SouthEast Bank Financial Scholars. Recognizing the importance of creating responsible financial habits at an early age, SouthEast Bank has become a steward of financial literacy across schools in its local markets. In the last decade, SouthEast Bank, along with its holding company, has donated over $19 million to support education in local communities and universities throughout the state of Tennessee.
About SouthEast Bank
SouthEast Bank, with assets in excess of $1 billion, is headquartered in Farragut, Tennessee, and operates branches throughout East and Middle Tennessee. Because it is operated by local employees who live and work alongside the people it serves, SouthEast Bank is a true community bank that uses state of the art technology both inside and outside of our branches to reinvest in schools, organizations, and neighborhoods.
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,700 listed companies with a market value of approximately $9.6 trillion and nearly 10,000 corporate clients. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com.
EverFi, Inc. is the education technology innovator that empowers K-12, higher education, and adult learners with the skills needed to be successful in life. The company teams with major corporations and foundations to provide the programs at no cost to K-12 schools. Some of America's leading CEOs and venture capital firms are EverFi investors including Amazon founder and CEO Jeff Bezos, Twitter founder Evan Williams, and Google Chairman Eric Schmidt. Learn more at everfi.com.