Farmers Savings Bank & Trust, in conjunction with Community Bankers of Iowa (CBI) is once again sponsoring the CBI Money Smart Week Poster Contest to motivate elementary school students to learn about finances. Money Smart Week was designed by the Federal Reserve Bank of Chicago as part of a financial literacy public awareness campaign. Events were cancelled in 2020 and held virtually in 2021 due to the COVID-19 pandemic. While Money Smart Week has returned for 2022 once again in an all-virtual format, CBI's annual Poster Contest is one of the few hands-on activities still being featured in Iowa during Virtual Money Smart Week this year.

To enter the Poster Contest, elementary students in 2nd through 6th grades can submit poster designs to Farmers Savings Bank & Trust with imagery answering the question: "Why is it important to know about money?". For showing Iowa's community bankers what they know, students have the chance to win either a $600 Certificate of Deposit (1st Prize), or a $300 Certificate of Deposit (2nd & 3rd Prizes).

Students should submit their poster designs to Farmers Savings Bank & Trust - Vinton by April 8, 2022. Posters will be displayed in the banks throughout Virtual Money Smart Week (April 9-16, 2022). Winners will be chosen and notified by May 4, 2022, and announced to the public by May 6. Complete rules & submission guidelines are available at www.cbiaonline.org.

Throughout Virtual Money Smart Week, participating community groups, financial institutions, government agencies, educational organizations, and financial experts will host free educational events to help Iowans of all ages learn to better manage their personal finances. More information about Virtual Money Smart Week - including a full calendar of events - is available at www.moneysmartweek.org.

About Farmers Savings Bank & Trust

Farmers Savings Bank & Trust is a local independent Bank providing financial services to our community and customers. High quality customer service is the true mission of this bank.

About CBI

Community Bankers of Iowa exclusively promotes and defends independently owned and locally controlled Iowa community banks whose services are vital to the preservation of economic diversity and rural America. More than 300 independent community banks are located in Iowa, representing more than 1,000 communities across the state and employing over 5,000 Iowans. CBI members have in excess of $3.2 billion dollars in common sense loans to consumers, small businesses, and the agricultural community. For more information, visit www.cbiaonline.org.

About Money Smart Week

Money Smart Week is a public awareness campaign designed by the Federal Reserve Bank of Chicago, to increase financial literacy and help consumers better manage their personal finances. Find more at www.moneysmartweek.org.

(Homeschool children are also welcome to enter!)

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