April 24, 2021
More than 200 banker volunteers took part in the 23rd annual Teach Children to Save program during the week of April 19-23. Teach Children to Save Day was celebrated April 22 this year.
The volunteers taught an estimated 4,300 students in over 200 public, private and parochial classrooms all over Delaware through virtual lessons to comply with COVID-19 restrictions. Gov. John Carney introduced each lesson. More than 90 percent of Delaware’s banks participate in the Teach Children to Save program, the highest participation rate in the nation.
This year’s lesson is taken from the book “The Great Investor and Money Tree.” The book illustrates the benefits of saving, not only to the individual, but to the entire community. The book was written and illustrated by Greg Koseluk of the Delaware Bankers Association. It was created specifically for the 2021 Teach Children to Save Day event and was made possible with the support of Barclays, Capital One
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Illinois banks issued 239,000 loans under the federal Paycheck Protection Program worth $29 billion to businesses affected by the coronavirus pandemic and collected at least $1.5 billion in fees ultimately paid by taxpayers, a Chicago Sun-Times analysis finds.
Chicago-based BMO Harris Bank got the most money in fees: at least $232 million for handling 34,000 loans that totaled $6 billion that the banking company’s top executive has said contributed heavily to “a good” first quarter of 2021.
BMO Harris’s PPP loans ranged from just $133 to the maximum amount allowed under the program $10 million.
The 360 banks with headquarters in Illinois made loans through the program to businesses in all 50 states and four U.S. territories.