Torrey Pines Bank Named "Volunteer Company of the Year" by Junior Achievement of San Diego
Torrey Pines Bank has been named Volunteer Company of the Year by Junior Achievement of San Diego for their impact on over 2,000 students through the Mission Fed Junior Achievement Finance Park program.
The volunteer team from Torrey Pines Bank met with groups of approximately 120 high-school aged students from various high schools around San Diego County and provided critical insight into various areas of personal financial management including savings and investing, responsible use of credit cards and debt, and the role of credit scores and the effect of credit reporting on personal finances.
During the program, students had the opportunity to apply their new skills in a simulated life situation in which decisions such as purchasing a car and home, buying groceries, establishing savings accounts, making investments and donating to charity, had to be made within the limits of a given budget. Additionally, students were given access to the program’s Career Center where they researched salaries, job openings and used other tools to help them think about planning their future education and career choices.
“Junior Achievement’s Finance Park program is very important to our team, it is a way to get high-school aged students thinking about the impact their education and career will have on their future quality of life,” said Sean Hunt, VP, Real Estate Loan Officer of Torrey Pines Bank. “I think many students came to the realization of what things really cost and how important it is to properly budget their money and make smart decisions on spending and investing. They’ve learned these valuable lessons can impact the rest of their lives,” he added.
“We are very proud to be the recipient of the ‘Volunteer Company of the Year’ and we are honored to have had the opportunity to take part in this very important financial program,” said Gary Cady, CEO of Torrey Pines Bank.
Torrey Pines Bank is committed to providing support to numerous nonprofit organizations, and has been since its founding in 2003.
About Torrey Pines Bank
Torrey Pines Bank, a division of Western Alliance Bank, Member FDIC, is the go-to bank for business in its growing markets. Founded in 2003, Torrey Pines Bank offers a full spectrum of deposit, lending, treasury management, international banking and online banking products and services, plus superior service to meet the needs of local businesses. With nine offices throughout San Diego and Los Angeles, along with Western Alliance Bank’s robust national platform of specialized financial services, the award-winning banking division is a valued partner for Southern California’s business, real estate, professional, municipal and nonprofit communities. Western Alliance Bank is the primary subsidiary of Phoenix-based Western Alliance Bancorporation. With $15 billion in assets, Western Alliance Bancorporation (NYSE:WAL) is one of the fastest-growing bank holding companies in the U.S. and recognized as #10 on the Forbes 2016 “Best Banks in America” list. For more information, visit www.torreypinesbank.com.
Junior Achievement of San Diego works locally to impact 53,000 students in K-12 classrooms each year. Junior Achievement’s volunteer-based programs teach kids how to get a job, start a business and how money works. For more information on programs in San Diego and Imperial Counties, please visit www.jasandiego.org.
About Mission Fed Finance Park. Mission Fed JA Finance Park is the first program of its kind in San Diego. Officially opened in fall 2015, Mission Fed JA Finance Park utilizes the most current technology to teach teens and adults how to make intelligent financial and career decisions that will last a lifetime. When students come to the Park, they receive a “life situation” and income based upon a real San Diego job they chose in the classroom. Students then have to create a monthly budget and pay for the needs and wants of their avatar family. They have to buy a home, purchase a car, shop for groceries, make investments and save for the future. Students will also have the opportunity to visit our on-site career center to explore real-life job opportunities in San Diego.