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Bank on Savannah 2009-2010

Bank on Savannah 2009-2010

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Published by Marco Ramirez
In May 2009, we launched the Bank on Savannah program as the first comprehensive program in Georgia to work collaboratively with financial institutions, local government, financial regulators and community-based organizations to bank the unbanked.
In May 2009, we launched the Bank on Savannah program as the first comprehensive program in Georgia to work collaboratively with financial institutions, local government, financial regulators and community-based organizations to bank the unbanked.

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Published by: Marco Ramirez on Sep 18, 2010
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09/18/2010

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PROGRAM HIGHLIGHTSBANK ON SAVANNAH 
2009 – 2010
stepupsavannah.org/bankonsavannah
 
A MESSAGE FROM THE MAYORAND STEP UP SAVANNAH BOARD CHAIR
In May 2009, we launched the Bank on Savannah program as the
rst comprehensive program in Georgia to work collaboratively withnancial institutions, local government, nancial regulators andcommunity-based organizations to bank the unbanked.One year ago our research told us that there are an estimated10,000 people who are unbanked in Savannah’s highest povertyneighborhoods. Today, thanks to help from our local nancialinstitutions we are very proud to report that we have reached the goalthat we set one year ago—to open 1,000 bank accounts in Savannah.In addition to banking hundreds of unbanked Savannahians, theprogram has also taught nancial education classes to over 3,000people and developed alternative nancial products that havesaved low-income hard working families thousands of dollars. Moreimportantly we have sparked a local grassroots movement to bringlow-income consumers into healthy nancial products and increasethe economic stability of hundreds and ultimately thousands, of families.This brochure provides a review of the successful rst year of BankOn Savannah and, most importantly, an opportunity to recognize thehard work of all of our program partners who have contributed somuch to this unique initiative.Best Wishes,Otis Johnson Sister Pat Baber 
Mayor Chair City of Savannah Step Up Savannah Board of Directors
 
BANK ON SAVANNAH BY THE NUMBERS
April 2009 - May 2010
Financial Insitutions Participating nancial institutions 11
 
Participating branch/ofce locations 28
Accounts Total accounts opened 1,011 
Alternative Refund Advance Loan 155Financial Education Financial Education Clients 3,024Marketing & Outreach Brochures Printed and Distributed* 22,000
 
Flyers Printed in Spanish 500
 DVDs 100 
Bus Signs (48 CAT Buses) 99Car Decals 30Financial Ed class schedule postcards printed 7,500
 
Speaking Engagements/Neighborhood Meetings 38
*Sponsored in part by FDIC 

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