Kids cheer at Young Americans Bank in Belmar

Beat from the Branch: Young Americans Bank now open in Belmar

Janet Redwine Bank Leave a Comment

Young Americans Center for Financial Education is thrilled to announce the grand opening of a third branch of Young Americans Bank located in Lakewood.  Specifically designed for youth up to age 22, Young Americans Bank provides hands-on education in finance while offering products and services customized for young people.  This third branch, which joins existing locations in Cherry Creek and Green Valley Ranch, will better serve families located in the west metro area.

Young Americans Bank was the vision of late cable pioneer and philanthropist Bill Daniels.  After he read an article about a group of teenagers who were

Kids cheer at YAB Belmar

Kids cheer at Young Americans Bank in Belmar

denied a loan at a traditional bank, Mr. Daniels committed to establishing a bank just for youth.  Young Americans Bank, a real FDIC-insured and state-chartered bank, opened in 1987 and now boasts more than 18,000 accounts a year.

The newest branch of Young Americans Bank is located at 401 South Pierce Street in the same building that houses Young AmeriTowne.  Community support, including Daniels Fund, made the opening possible.

Rich Martinez, President and CEO of Young Americans, and Linda Childears, President and CEO of Daniels Fund, spoke at a preview event held last month.  “When Young AmeriTowne at Belmar first opened in 2004, we had planned to someday add a branch of Young Americans Bank.  Well, that ‘someday’ is today,” noted Rich.  “Today is such an exciting day for Young Americans.”

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