Wallis Bank Working in the Community
HOUSTON, March 3, 2020 (Newswire.com) - Wallis Bank strives to remain active through the Community Reinvestment Act (CRA) by taking diligent roles to teach various topics including financial planning, maintaining personal and business banking finances, the importance of having a solid credit score, and so much more.
Wallis Bank and Junior Achievement USA work together with schools in the community, leading classes for youths and teaching them about financial responsibility. Wallis Bank is set to host another six-week course for the Credit Coalition, beginning March 31. This six-week course will encourage others to follow best practices when it comes to managing money to better ensure the health of their financial future.
In addition to courses hosted by Wallis Bank, Chief Lending Officer, Nasr Khan, serves on multiple financial panels including the HCC Financial Workshop Funder Panel. The HCC Financial Workshop Funder Panel serves as an educational opportunity containing information about small business financial needs, including loans. Nasr Khan has been an integral part of the executive team for over eight years.
About Wallis Bank
Wallis Bank is a full-service community bank dedicated to serving both rural customers as well as large international clients with the highest level of personal service. The Bank was established in 1906 in Wallis, Texas and holds the unique experience of surviving the Great Depression and both World Wars. Over the years, the company underwent the expansion of additional branches and offices in Houston, Dallas, San Antonio, Los Angeles, and Atlanta. In 2018, Wallis Bank was ranked fifth among the 25 best-performing banks in the U.S. with less than $1 billion in assets by ICBA.
About Junior Achievement
Founded in 1919 by Theodore Vail, Junior Achievement first began as an after-school program. Today, Junior Achievement is the largest organization dedicated to offering young people the knowledge and skills they need to succeed in today’s economy. Lessons are based on preparing for a career, confidence in entrepreneurship, and making responsible financial decisions. Junior Achievement helps nearly 4.9 million students each year inside the classroom and during after-school programs.
About the Credit Coalition
The Credit Coalition is a non-profit agency that offers free financial counseling and education to consumers to help them make informed decisions regarding money. More specifically, the Credit Coalition offers services pertaining to homebuyers, foreclosure intervention, financial coaching, and reverse mortgage counseling with a focus on households with low and moderate incomes. The Credit Coalition holds regular classes to help inform and empower the community.
About the Community Reinvestment Act
The Community Reinvestment Act (CRA), enacted in 1977, requires the Federal Reserve and other federal banking regulators to encourage financial institutions to help meet the credit needs of the communities in which they do business, including low- and moderate-income (LMI) neighborhoods. — www.federalreserve.gov
Source: Wallis Bank