Local banking program offers opportunities for Amarillo resident - KSWO 7News | Breaking News, Weather and Sports

Local banking program offers opportunities for Amarillo residents

AMARILLO, TX (KFDA) -

Amarillo, TX - A new program is offering mainstream banking to Amarillo residents.

Bank On Amarillo provides access to banking products to those who need it. Research shows about 10 percent of the Amarillo population is un-banked and about 30 percent is under-banked.

Bank On Amarillo is a collaboration between financial and community organizations to better educate the public about banking. The project educates individuals and families to use budgets, savings and investments to control debt and build wealth.

"The more you learn about what's available out there, where your money goes, and where it can be safe, then you can make better choices," said Federal Deposit Insurance Corporation representative Eloy Villafranca. "It will help you to then build assets, and it's all about assets and wealth building."

The program allows people to open a savings account with a $25 minimum deposit. Local businesses and banks donated $67,000 to fund the program.

Participating financial institutions include: Amarillo National Bank, Citizens Bank, FirstBank Southwest, FirstCapital Bank of Texas, First United Bank, Happy State Bank and The People's Federal Credit Union.

  • Local banking program offers opportunities for Amarillo residentsMore>>

  • Madison Alewel

    Madison Alewel

    Madison anchors the 4, 6, 9 and 10 p.m. newscasts. She joined NewsChannel10 as a reporter in October 2013.

    Madison anchors the 4, 6, 9 and 10 p.m. newscasts. She joined NewsChannel10 as a reporter in October 2013.

  • Local NewsNewsMore>>

  • Administration seeks to expand immigrant family detention

    Administration seeks to expand immigrant family detention

    Saturday, June 23 2018 12:26 AM EDT2018-06-23 04:26:10 GMT
    Sunday, June 24 2018 8:33 AM EDT2018-06-24 12:33:48 GMT
    (AP Photo/Eric Gay, File). FILE - In this July 31, 2014, file photo, an artificial turf soccer field sits in the middle of the Karnes County Residential Center in Karnes City, Texas. The immigration detention facility has been retooled to house adults ...(AP Photo/Eric Gay, File). FILE - In this July 31, 2014, file photo, an artificial turf soccer field sits in the middle of the Karnes County Residential Center in Karnes City, Texas. The immigration detention facility has been retooled to house adults ...
    (AP Photo/Eric Gay, File). FILE - In this July 31, 2014, file photo, an artificial turf soccer field sits in the middle of the Karnes County Residential Center in Karnes City, Texas. The immigration detention facility has been retooled to house adults ...(AP Photo/Eric Gay, File). FILE - In this July 31, 2014, file photo, an artificial turf soccer field sits in the middle of the Karnes County Residential Center in Karnes City, Texas. The immigration detention facility has been retooled to house adults ...

    The Trump administration is calling for the expanded use of family detention for immigrant parents and children who are stopped along the U.S.-Mexico border.

    The Trump administration is calling for the expanded use of family detention for immigrant parents and children who are stopped along the U.S.-Mexico border.

  • Zsa Zsa, the English bulldog, wins World's Ugliest Dog title

    Zsa Zsa, the English bulldog, wins World's Ugliest Dog title

    Sunday, June 24 2018 12:36 AM EDT2018-06-24 04:36:02 GMT
    Sunday, June 24 2018 8:15 AM EDT2018-06-24 12:15:30 GMT
    (AP Photo/Jeff Chiu). Zsa Zsa, an English Bulldog owned by Megan Brainard, stands onstage after being announced the winner of the World's Ugliest Dog Contest at the Sonoma-Marin Fair in Petaluma, Calif., Saturday, June 23, 2018.(AP Photo/Jeff Chiu). Zsa Zsa, an English Bulldog owned by Megan Brainard, stands onstage after being announced the winner of the World's Ugliest Dog Contest at the Sonoma-Marin Fair in Petaluma, Calif., Saturday, June 23, 2018.

    A 9-year-old English bulldog was named the winner of the 2018 World's Ugliest Dog contest in the San Francisco Bay Area.

    A 9-year-old English bulldog was named the winner of the 2018 World's Ugliest Dog contest in the San Francisco Bay Area.

  • Mother and 2-year-old son seriously injured in CA dog attack

    Mother and 2-year-old son seriously injured in CA dog attack

    Sunday, June 24 2018 7:07 AM EDT2018-06-24 11:07:24 GMT
    Sunday, June 24 2018 7:07 AM EDT2018-06-24 11:07:24 GMT
    The dogs’ owner says he’s devastated by the attack and that these are family dogs who’ve never bitten anyone. (Source: Nathan Le/KFMB/CNN)The dogs’ owner says he’s devastated by the attack and that these are family dogs who’ve never bitten anyone. (Source: Nathan Le/KFMB/CNN)

    The dogs’ owner says he’s devastated by the attack and that these are family dogs who’ve never bitten anyone.

    The dogs’ owner says he’s devastated by the attack and that these are family dogs who’ve never bitten anyone.

Powered by Frankly