Young Americans Bank

Young Americans Center for Financial Education

Company type	Private company
Industry	Financial services, Education
Founded	1987; 38 years ago (1987) in Denver, Colorado
Headquarters	Denver, Colorado , United States
Key people	Rich Martinez, President and CEO, Bill Daniels, Founder
Services	Banking services, education
Number of employees	44 (2009)
Parent	Young Americans Center for Financial Education
Website	www.yacenter.org

The Young Americans Bank (YAB) is an American bank specifically set up for young people under the age of 22.[1] Although designed to teach children and young people how to manage money, Young Americans Bank is a full for-profit, Federal Deposit Insurance Corporation-insured financial institution.[2] As a full service bank, YAB offers, among other financial products, savings accounts, loans, checking accounts, certificates of deposit (CDs), and credit card accounts.[3]

History

Young Americans was set up in 1987 by Bill Daniels, an American cable television executive, 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 a Head for Business, and summer camps.[4][5]

References

1. "About Young Americans - History & Founder". Young Americans Bank. Retrieved July 3, 2024.
2. "Students get a taste of business ownership". The Denver Post. February 1, 2007.
3. "Products and services". Young Americans Bank. Retrieved July 3, 2024.
4. "Young Americans selects Aurora councilman as next CEO". Denver Business Journal. November 13, 2023.
5. "Some Kids Sell Lemonade. He Starts a Chain". New York Times. February 26, 2016.

External links

• Young Americans Website