Bank On Graduates on Road to Financial Freedom After Six Months

Bank On class tailored to Tidewater Gardens community 15 Tidewater Gardens residents graduated Wednesday from the City of Norfolk’s Bank On financial education program in a ceremony hosted by the Hunton YMCA.   Bank On is a partnership between participating banks, credit unions and community organizations across Hampton Roads. The program encourages participants to take control of their finances and get on the road to financial freedom one step at a time. Councilwoman Angelia Graves, who represents Superward 7, provided remarks and presented each graduate with their certificate of completion.  

“It warmed my heart and brought tears to my eyes to hear the progress and accomplishments these graduates have made in such a short period of time.  They were so appreciative of the knowledge that they received and the tools they learned to start down the pathway of saving, budgeting, increasing their credit scores and becoming financially liberated.  I am grateful to the coaches, our staff and financial partners for working with the students and empowering them with knowledge that will benefit them for years to come,” said Angelia Graves, Councilwoman, Superward 7.

Bank On is a national program, it launched locally in 2016. Bank On is offered to Tidewater Gardens residents as part of the City of Norfolk’s People First program and the revitalization of the St. Paul’s area. 

As a result of this recent 6-month program, graduates have:

  • Improved their credit scores by an average of 23 points
  • Collectively saved $1,600 in an effort to create individual emergency savings accounts

One recent graduate, Shante Brown remarked, “Before Bank On I was struggling to take care of my children. After the class I learned how to pay my bills first, and how to improve my savings.

The People First initiative will continue to provide residents with access to financial education with a summer series called Fit Finances. The first of the series will be held July 17 and will focus on debt reduction.