Cable magnate Bill Daniels created the Young Americans Bank in 1987 after a group of elementary students in Denver, Colorado were denied a loan from other banks for a school project Young Americans Bank is housed under Young Americans Center for Financial Education, a 501(c)3 non-profit that organizes programs such as Young AmeriTowne, International Towne, Get aHead for Business, summer camps, and Young Americans Bank, a for-profit, Federal Deposit Insurance Corporation-insured financial institution. The Bank has the distinction of being the world's sole financial institution designed specifically for people under the age of 22. As a full service bank, YAB offers, among other financial products, savings accounts, checking accounts, certificates of deposit (CDs), and credit card accounts. Emphasizing financial education for children, the Center's Youth Advisory Board regularly meets to discuss its operations, including the Bank and programs.
Famous quotes containing the words young, americans and/or bank:
“Oh as I was young and easy in the mercy of his means,
Time held me green and dying
Though I sang in my chains like the sea.”
—Dylan Thomas (1914–1953)
“Many Americans imagine simpler times even as a storm of social change swirls about, blowing parents here and children there. Sure, the 1950s ideal world would be wonderful. But knock on the nation’s doors: Ozzie and Harriet are seldom at home.”
—Leslie Dreyfous (20th century)
“A bank is a confidence trick. If you put up the right signs, the wizards of finance themselves will come in and ask you to take their money.”
—Christina Stead (1902–1983)