Young Americans Bank
 | |
| Company type | Private |
|---|---|
| Industry | Banking, Education |
| Founded | Denver, Colorado (1987) |
| Headquarters | Denver, Colorado |
Key people | Rich Martinez, President and CEO, Bill Daniels, Founder |
Number of employees | 44 (2009) |
| Website | [1] |
The Young Americans Bank in 1987 was set up by Bill Daniels, an American cable television executive, after a group of elementary students in Denver, Colorado were denied a loan from other banks for a school project. [1] Young Americans Bank is housed under Young Americans Center for Financial Education, a 501(c)3 non-profit that organizes programs such as Young AmeriTowne, International Towne, Get aHead for Business, summer camps, and Young Americans Bank, a for-profit, Federal Deposit Insurance Corporation-insured financial institution. The Bank is the world's only financial institution designed specifically for people under the age of 22.[2] As a full service bank, YAB offers, among other financial products, savings accounts, checking accounts, certificates of deposit (CDs), and credit card accounts.[3]