Key Points:
- Objective:
- Foster “healthy lifelong financial habits” among customers.
- Service Offering:
- Bank of Clarke customers can now register for a complimentary Greenlight subscription.
- Customers can link their Bank of Clarke account as a funding source.
- Significance:
- Bank of Clarke is the first community bank in Virginia to partner with Greenlight.
- Greenlight Overview:
- Founded: 2014
- Specializes in: Family-focused money management solutions
- Features: Instant money transfers, chore management, automated allowance payments, flexible spending controls, and a debit card and app for children.
- Bank of Clarke Overview:
- Established: 1881
- Headquarters: Berryville, Virginia
- Operations: 14 full-service branches, two loan production offices, a drive-through facility, and a wealth management office.
- Statements:
- Brandon Lorey (President and CEO of Bank of Clarke): Emphasized the importance of fostering healthy financial habits.
- Matt Wolf (SVP of Business Development at Greenlight): Highlighted the potential of community banks to enhance financial literacy through strong community ties and exceptional customer care.
- Recent Developments:
- Greenlight’s Other Partnerships: Includes U.S. Bank, which offers Greenlight via an integrated mobile app experience.
