At Junior Achievement's Finance Park, volunteers lead students through a simulation where they are "adults for a day" and have to make financial and budgeting decisions. Volunteers help students through the budgeting process while sharing their own experiences and advice.

 

Chicago Scholars
Financial Literacy Workshop

In partnership with IDEAL CDC, we participated in IDEAL's High School Financial Literacy Series. This 6-week series is aimed to empower the next generation with skills and knowledge they need to make smart financial decisions. This series has been focusing on guiding students towards a secure financial future by exploring diverse career paths, learn about investments, understanding homeownership and the renting process. We delivered workshops on How to Start a Business. For the final week of this financial literacy series, students worked in groups to create their own small business. They then pitched their business ideas to a panel of judges in hopes of getting “funding” for their product or service.

In partnership with Youth Business Alliance, Royal Business Bank will be hosting 5 students from BRIO High School for a Work-Based Learning Activity. The purpose of this activity is to teach the children about Business and the workforce. Every Friday these students will participate in activities and workshops that teach them how to create and grow their business. The BRIO HS students continued with their business building lessons with the help of some workshops conducted by the RBB team. Students learned about conducting market research, presentation skills, hiring and building a team, the financial component of owning a business, creating a portfolio, and information on Small Business loans.

At the end of the Work Based Learning activity, students applied what they learned during the workshops on small business, learning how to start and maintain them, and other important financial topics they will use in their everyday life. Each student came up with a business idea and presented it to the Shark Tank Judges!

In partnership with Boys and Girls Club of Greater Ventura, the CRA team served as student coaches for youth of the Boys and Girls Club in Greater Ventura. For 9 weeks, coaches guided students in creating a well structured speech highlighting the many great accomplishments each student has achieved and hope to achieve. The objective is to select the Youth of the Year who best embodies the qualities of leadership and service, academic excellence and living a healthy lifestyle, and who can speak to the impact that their club or Youth Center has made in their life. 

 

We are well into the 2024 VITA Tax season and have been doing amazing with providing free tax preparation services to low income families and individuals. Our partner sites are very appreciative of the work RBB volunteers are doing and have said great things!

Royal Business Bank hosted a field trip for 12th grade students from Santee High School. Students were able to learn about various aspects of banking such as portfolio management, credit, Bank Secrecy Act (BSA), Human Resources, and Community Reinvestment Act (CRA). With help from RBB team leaders, students came up with a product and had to develop a logo, business plan, and marketing strategy. They then had to present their idea in front of four judges who gave them feedback.

 

 

CSUF Center for Entrepreneurship
SoCal Celebrates Entrepreneurship

In partnership with Youth Business Alliance, Royal Business Bank will be hosting 5 students from BRIO High School for a Work-Based Learning Activity. The purpose of this activity is to teach the children about Business and the workforce. Every Friday these students will participate in activities and workshops that teach them how to create and grow their business.

On their first visit at the Downtown LA Office, the students were exposed to some of the many departments in banking and were able to hear some team members speak about their roles and responsibilities in the bank. The students also engaged in Q&A with the speakers afterwards. Students also participated in a workshop led by Treasury Management Manager on creating a Business Plan. Students were able to learn about some of the myths and realities of small business ownership while receiving information on how to create your own business and action items for starting your business.

Royal Business Bank will continue to participate in VITA to provide free tax preparation for low to moderate income individuals and families. We are happy to announce that RBB has increased the number of 2024 VITA Partners with 16 (!) We have volunteers throughout most of our regions including California, Chicago, New York, New Jersey, and Hawaii for a total of 67 certified VITA volunteers!

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Several bank employees kicked off the year by participating in JA Finance Park to help students navigate the world of personal finances as they assume the role of “adult for the day”. Volunteers mentored groups of students throughout the day and helped them create a monthly budget while making decisions regarding housing, transportation, insurance, savings, entertainment expenses, etc. 

The CRA Team attended the Health and Wellness Summit hosted by the LA South Hope Foundation. Watts Healthcare led the discussion which included topics on community resources, collaboration efforts, and future park and recreation events for youth in the area. LA South Hope Foundation’s goals are to bridge and foster relationships
between local businesses, government agencies, and community residents.