2022 Bank Day Scholarship Program
Bank Host Resources
Thank you for completing the 2022 VBA Bank Day Scholarship Program bank interest form. On this page, you’ll find everything you need to know about the 2022 program. Can’t find what you’re looking for? Feel free to contact Monica McDearmon with questions.
- Resources for bank hosts will be available from the VBA
- Student registration opens – bank hosts begin to solicit student registrations
- Student registrations continue
- Bank hosts send reminders to schools about the program
- Bank hosts work on plans for virtual/in-person gatherings and any supplemental resources they will provide
- March 4th – student registration closes
- Week of March 7th – students will receive program details from the VBA
- March 14th – Bank Day resource window opens; students receive access to resource webpage from the VBA (see below for more information)
- Beginning March 14th – Banks host virtual or in-person gatherings for students and can send supplemental resources to registered students (see below for more information)
- April 1st – Bank Day resource window closes; student essays due to VBA by 5:00 p.m.
- By the end of April - Honorable Mention and Regional winners will be announced
- By May 6th - Statewide winner will be announced
Role of the Host Banks vs. VBA
|Bank Hosts Will…||The VBA Will…|
Student Participation Criteria
Please remember that you will be contacting schools yourself in order to find students who are interested in participating in Bank Day. Below are some participation criteria reminders:
- Student(s) must currently be enrolled as a high school senior.
- Student(s) must hold a 3.0 or higher GPA.
- Student(s) must be a resident of Virginia.
- Student(s) must attend a high school in the state of Virginia.
- Homeschool students are eligible to participate, assuming he or she is equivalent to a high school senior and meets the above criteria.
- A child of a bank employee is allowed to participate, assuming he or she meets the above criteria.
- You may “virtually host” as many students as are interested.
Essay & Scholarship Information
In 2022, $26,000 in college scholarships will be awarded by the Virginia Bankers Association Education Foundation to twelve students across the Commonwealth.
- Six honorable mention winners, each winning a $1,000 scholarship.
- Six regional winners, each winning a $2,500 scholarship.
- One of the regional winners will also be named the statewide winner, earning an extra $5,000 scholarship for a total of $7,500 in college scholarships!
2022 Essay Requirements and Information
Bank Day Student Resource Webpage Information
The 2022 Bank Day Scholarship Program will be hybrid with content provided from the VBA.
Students will have access to a VBA-created Bank Day resource page that will house relevant information that students will need to research in order to complete their essays for a chance to win college scholarships. Access to this resource page will be available to students over a three week window from March 14th – April 1st. Resources will cover a variety of banking industry topics, career opportunities in banking and ways banks support their communities.
- Scholarship amount information, program timeline and essay information
- Recognition of Bank Day Hosts
- Resources: Watch
- A library of videos created by bankers from across the Commonwealth and the VBA staff
- Resources: Read
- Articles written by bankers, VBA staff, VBA Associate Members and industry experts
- Resources: Listen
- Podcasts and interviews from industry experts including ABA Banking Journal and the Federal Reserve
- Understanding student loan information provided by VBA Associate Member College Ave.
You will be able to access the Bank Day Student Resource site here beginning in February 2022.
In order to provide a consistent experience for all students, banks will be asked to host their students either virtually or in-person at some point during the three-week Bank Day window (see below for more information about Bank Day gatherings).
Bank Day School & Student Outreach Resources
- One page promotional flyer to send to schools
- Essay information:
Tips for contacting schools:
- Identify the public and private schools in your area. Click here for a list of high schools in Virginia by city and email Monica McDearmon for a list of Title 1 schools.
- Once you’ve identified which schools you would like to contact, please keep in mind the following tips while planning your day:
- Find teachers with a financial education passion. Seek out teachers who are already integrating personal finance lessons into their current curriculum or are teaching the one credit course on economics and personal finance, business, family and consumer science, and math classes – you’ll find a friendly partner there!
- Communicate your intentions. Some teachers are protective of their students and may be skeptical of your intentions, suspecting that you’re trying to market or promote bank products. Stress your goal is to educate and not to market. And stick to it. The more you can assure them of your intentions, the better. Remind them that Bank Day will be great preparation for the students as they go off to college or enter “the real world” and that there will be a total of $26,000 in scholarships available for 12 students.
- Understand the realities and pressures that teachers and students face. Make your initial contact early enough for them to be able to plan with the appropriate people at the school. Provide detailed information and try contacting them again if they do not get back to you after a few days.
Ideas for In-Person or Virtual Bank Day Gatherings
Banks will host either an in-person or virtual gathering* for students during the Bank Day window (March 14-April 1) to provide an opportunity for students to meet with bankers, hear about ways your bank supports your community, meet the other students and ask questions.
Whether you’re hosting students in-person or virtually, be sure to stay in touch with the VBA! Keep us updated on your plans for Bank Day and contact us with any questions you have during the planning process – we’re here to help!
*Please note that student attendance at the gathering is not required. If a student is unable to attend the Bank Day gathering, they are still eligible for the scholarships; students will have enough information from the VBA provided resources to write a comprehensive essay.
Dos and don’ts
Whether you’re hosting students in-person or virtually, remember the following:
- Do plan around your schedule. Bank Day can be held on any day, as long as you give the students enough time to write and submit their essays before the deadline.
- Don’t lose their attention. Keep each session to a 30-40 minute time slot and allow for breaks. Include a variety of activities for all learning styles. Try to keep your discussions somewhat connected to their world.
- Do use a soup to nuts presentation. The VBA provides turnkey PowerPoint presentations for this purpose, which can be adapted for your bank. It will keep you on topic and allow you to cover important industry and financial literacy topics. (see the Resources for In-Person or Virtual Bank Day Gatherings section below)
- Don’t “sell”. This is a learning opportunity for the students. If the schools get wind that there’s a sales pitch involved in Bank Day, they may not send students in the future.
- Do play a game. Keep the games interactive and engaging. (see the Resources for In-Person or Virtual Bank Day Gatherings section below for ideas)
- Don’t bash the competition. We want your students to understand the role and value of your bank as well as the banking industry as a whole.
- Do enjoy yourself! The students are more appreciative than you know! During your gathering, keep the following in mind: keep it real with real-life experiences; focus on “must-know” information versus “good-to-know”; and know that students are listening – even when you think they are not. Go into your Bank Day with the goal of having the students remember one or two key things from their visit, and you won’t be disappointed.
Tips & Schedule Suggestions
Things to consider for an in-person gathering:
Things to consider for a virtual gathering:
Schedule suggestions for an in-person gathering:
Schedule suggestions for a virtual gathering:
Tips for Department Visits:
Tips for Virtual Department Visits:
|*This information will be key to provide in order for the students to successfully complete their comprehensive essay.||*This information will be key to provide in order for the students to successfully complete their comprehensive essay.|
Resources for In-Person or Virtual Bank Day Gatherings
2022 Essay Requirements and Information
Consider providing copies of the following documents for your students during their gathering.
customizable Presentation Materials
- Student Trivia Game
- Kahoot! Student Trivia Game (10 questions)
- – Optional
Please note all students sign a photo release upon program registration. The VBA will notify you of any students who cannot have their photo taken.
Gift Bag and/or prize ideas
- $2 bills
- Candy bar wrapped with a voucher for opening a savings account,
- funded by the bank
- Reusable grocery totes
- Candy or healthy snacks (avoid chocolate and peanuts)
- ID cases
- Tervis Tumblers or similar
- Sticky notes
- Drawstring backpacks
- Pop sockets
- Smart phone screen sweeps
- Hand sanitizer bottles
- Cell phone power bank
Ideas for Supplemental Resources for Bank Hosts
Please note that sending supplemental information with students is optional! The information provided from the VBA through the student resource site and what the students will learn during your in-person or virtual Bank Day gathering will be sufficient to write a comprehensive essay to be eligible for scholarships.
Supplemental information should focus on ways your bank supports and engages with the community you serve. Examples include:
- A contact at the bank who is available to answer questions during the Bank Day window while students are doing research to answer any questions they may have.
- Pre-recorded messages from senior leadership.
- Media mentions, articles, and/or press releases showing ways your bank has supported the local community.
- Pictures and/or videos of bankers at community events.
- Links to your bank’s social media channels where community support and involvement is highlighted.
Bank Day Press Kit
Reminder – students will sign a photo release on their Bank Day registration form. The VBA will alert your bank of any students who are not able to have their picture taken.
By participating in the Bank Day program, your bank will be provided the following press opportunities:
- Media alerts and a press release will be sent to the VBA’s media contacts with participating banks listed.
- Inclusion of the bank’s participation on the VBA’s social media channels.
- Coverage of the event in various VBA publications, including Virginia Banking Monthly and Virginia Banking Annual.
- Chance to build relationships with local high schools that could possibly lead to other financial literacy partnerships, like Get Smart About Credit Day.
- Opportunity to give back to your community and show students more about the banking industry and careers in banking.
- Optional – Consider inviting a member of the press or your local legislator to join you at some point during your Bank Day gathering.
A customizable press release and media alert will be available soon!
Bank Day FAQs
Do we have to host the students for a certain amount of time?
No! Banks can host students virtually or in-person for any amount of time.
Can we discuss the essays with the students?
Yes! We encourage you to discuss the essay topic and guidelines frequently throughout their gathering. It is also helpful to provide copies of the essay guidelines to students the day of their gathering. Please see the essay planning document for students’ use throughout the program. Feel free to give tips, but keep in mind the students need to write their own essays without assistance.
Does the two-page essay limit include the title page and works cited page?
No! Those pages are not included in the two-page limit.
Can homeschooled students participate in the program?
Yes! As long as the student is currently the equivalent of a high school senior, has a cumulative 3.0 GPA or higher, and is a resident of Virginia, he or she is eligible for Bank Day.
Do students have to sign a photo release to have their picture taken?
Yes! Part of the registration process through the VBA is a student photo release. The VBA will notify you of any students who are not able to have their picture taken on Bank Day.
Do we have to hold our Bank Day on March 15, 2022?
No! You can host students virtually or in-person any day that works with your schedule during the three week Bank Day window (March 14-April 1), keeping in mind that all student essays are due to the VBA by 5:00 p.m. on April 1, 2022, regardless of their actual shadow date.
Does the VBA need to know the specific details of my bank’s plans?
Yes! Students, parents and school staff often contact the VBA with questions about Bank Day details. It is extremely helpful for the VBA to have your plans on file to be able to respond to these inquiries.
How will I know which students are registered with my bank for Bank Day?
Students register for Bank Day through the VBA. Once the VBA has a completed student registration form, we will email you with an updated roster for your bank.
Can we offer our own scholarship in addition to the ones VBA distributes?
Absolutely! Some banks offer a scholarship to participating students separate from the VBA Bank Day scholarships. The VBA will be happy to send your bank copies of the students’ essays in order to judge them to your own criteria and select your winner.
Should we have a conversation with the students about confidentiality and common courtesy?
For in-person Bank Day gatherings, absolutely! For some of these students, this is their first time behind the scenes in a place of business. Gentle reminders before you begin your day will ensure that students know the expectations of being guests at your bank.