RMHS Students Place in Banking Competition

Nick Burpee, Matt Sannella, Jake Del Signore, and Jake Pineau

Students from the Reading Memorial High School Retail Banking Course, competed in the Massachusetts School Banks Association’s annual competition held at the Federal Reserve Bank of Boston. RMHS was one of over twenty-five school bank programs that participated in the event. Each school’s program competed in three different categories: Banking Knowledge, Marketing, and Product Development.

The RMHS Product Development Team developed a product called E-Track. The presentation on this product earned the team second place recognition in the category. E-Track is an electronic tracker placed on a debit or credit card which assists in finding the card if it is lost or stolen.

The Retail Banking Course at Reading Memorial High School is taught by Mike Foley, Branch Manager of the Reading Co-operative Bank RMHS branch. The intent of the course is to give students a hands-on approach to learning banking responsibilities. The students, ranging from sophomores to seniors, are divided into classes of four students each, allowing individualized guidance while working in Reading Co-operative Bank’s full-service educational branch. Students learn about banking regulations, how to complete in-branch transactions, and practice industry standard money handling skills.

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