Employees from The First American Corporation Teach Operation HOPE's Banking on Our Future Program
—Banking Basics, Credit Management and Financial Dignity Among Topics Presented to More Than 300 Students at Middle College High School—
June 1, 2009, SANTA ANA, Calif.
The First American Corporation (NYSE: FAF), America’s largest provider of business information, teamed up with Operation HOPE (HOPE), a nonprofit financial literacy and empowerment organization, to deliver its award-winning Banking on Our Future (BOOF) program to more than 300 students at Middle College High School (MCHS), which is a part of the Santa Ana Unified School District.
On May 28, 2009, 43 First American employees visited Middle College High School, located at Santa Ana College, as trained HOPE Corps volunteers to deliver a condensed one-day curriculum designed to stimulate youth and inspire wise money management attitudes and practices.
The Banking on Our Future program aims to educate 9- to 18- year-old students, at no cost to school districts, with a focus on urban and under-served communities. The program consists of five modules, including banking basics, checking and savings accounts, the power of credit, investing and dignity. The modules are taught by HOPE Corps volunteers who are trained to break down their knowledge of banking and credit into terms that students can understand and utilize immediately. In addition to financial education, the students are left with messages of empowerment, responsibility and hope.
“The basic financial skills this program teaches will help shape the future money management practices and attitudes of these students,” said Parker S. Kennedy, chief executive officer of The First American Corporation. “This has never been more important than it is today, especially in light of our current economic environment.”
Kennedy added: “I’m also proud of our employees for volunteering their time to teach these students basic financial skills and for serving as positive role models for these kids and our community.”
“This program provided an excellent opportunity for our students to be introduced to the business community and to important finance principles they will put to use in the relatively near future,” stated MCHS Principal Lucinda N. Pueblos.
Pueblos pointed out that Middle College High School was recognized as a California Distinguished School in 2009, an annual award that recognizes some of the state's most exemplary public schools. In addition, MCHS received the National No Child Left Behind Title I Distinguished Schools Recognition Award in 2008, and it has been nominated for the 2009 National Blue Ribbon Award.
Leonardo Cablayan, Western Regional director for HOPE’s Banking on Our Future program, noted: “The program provided students with many of the financial tools they will need to prosper as they enter and thrive in the American economy. Financial literacy often leads to a life filled with freedom of choice and promise verses financial struggle and exploitation. The children of Orange County and Los Angeles deserve the best, and First American is a proactive partner with Operation HOPE in changing these young lives for the better.”
Founded in 1996, Banking on Our Future is HOPE’s premier financial education program for youth in underserved communities. The program is a winner of the Oprah’s Angel Network Award and the U.S. Treasury Department’s John Sherman Award for Financial Literacy Excellence. Using a growing network of trained volunteers, the program has educated more than 380,000 youth nationwide. In addition, earlier this month, the program introduced Bankingonourfuture.org, an online version of the curriculum. For more information visit operationhope.org.
The First American Corporation and Operation HOPE have been in partnership since 2004. John Hope Bryant, Operation HOPE’s founder, chairman and chief executive officer, has served on First American’s National Advisory Council since that time, and Frank V. McMahon, chief executive officer of First American’s Information Solutions group, was appointed as a director of Operation HOPE’s national board in October, 2008.
About First American
The First American Corporation (NYSE: FAF) is a FORTUNE 500® company that traces its history to 1889. With revenues of approximately $6.2 billion in 2008, it is America’s largest provider of business information. First American combines advanced analytics with its vast data resources to supply businesses and consumers with valuable information products to support the major economic events of people’s lives, such as getting a job, renting an apartment, buying a car or house, securing a mortgage and opening or buying a business. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within five primary business segments, including: Title Insurance and Services, Specialty Insurance, Information and Outsourcing Solutions, Data and Analytic Solutions, and Risk Mitigation and Business Solutions. More information about the company and an archive of its press releases can be found at www.firstam.com.
About Operation HOPE, Inc.
Operation HOPE is America's leading nonprofit social investment banking and financial literacy empowerment organization. With more than 400 private sector partners, 1,500 nonprofit organizations and schools, and 100 government partners in 68 major U.S. cities, as well as South Africa, HOPE has raised more than $500 million in its pursuit of educating, assisting and inspiring the next generation of global stakeholders. Through international initiatives and its three principal programs, Banking on Our Future (teaching school children about money), HOPE Coalition America (Mortgage HOPE Crisis Hotline, 1-888-388-HOPE, financial emergency preparedness and disaster relief), and Walk-In HOPE Centers (loans, bill pay, computer literacy, understanding banking principles), Operation HOPE has delivered services to more than 1 million low-wealth individuals and assumed the responsibility of piloting the Silver Rights Movement towards making free enterprise and capitalism relevant to all underserved communities. To learn more about HOPE, visit www.operationhope.org. or read our blog at www.operationhope.org/blog.