Young Americans Bank
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. [1] 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.[2] As a full service bank, YAB offers, among other financial products, savings accounts, checking accounts, certificates of deposit (CDs), and credit card accounts.[3] Emphasizing financial education for children, the Center's Youth Advisory Board regularly meets to discuss its operations, including the Bank and programs.
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| Type | Private |
|---|---|
| Industry | Banking, Education |
| Founded | Denver, Colorado (1987) |
| Headquarters | Denver, Colorado |
Key people | Rich Martinez, President and CEO, Bill Daniels, Founder |
Number of employees | 44 (2009) |
| Website | |