Bank On Amarillo to Provide Banking Assistance

Published 10/28 2013 02:58AM

Updated 10/28 2013 09:17PM

The Amarillo Area Foundation will launch its Bank on Amarillo program Monday at the East Branch Library.

Bank On Amarillo is a finanacial assest building program focused on the unbanked and underbanked. Research shows 10-20 percent of the Amarillo population is unbanked and an additional 25-30 percent is under-banked.

The Bank On program started in San Fransisco, and has expanded across the country. It is now active in most major Texas cities. The program seeks to provide access to banking products to individuals and families who need it. Initial funding for the project will come from a $15,000 challenge grant from Opportunity Texas, plus a combined gift of $52,000 from area donations.

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