Money Smart Week Poster Contest winner Adelynn Kemen. CONTRIBUTED PHOTO

TRAER, IOWA – Adelynn Kemen, a 5th grader attending North Tama Elementary School in Traer, Iowa has won 3rd place in Community Bankers of Iowa’s (CBI) Money Smart Week Poster Contest. As the 3rd place winner, Adelynn will receive a $300 Certificate of Deposit. Adelynn’s poster was submitted for judging by Farmers Savings Bank & Trust in Traer & Vinton.

CBI has been hosting the Money Smart Week Poster Contest since 1999, as part of the Federal Reserve Bank of Chicago’s Money Smart Week events (held this year April 15-21). To enter the Poster Contest, elementary students in 2nd through 6th grades submitted designs answering the question: “Why is it important to know about money?” The state-wide Poster Contest is sponsored at the local level by participating community banks, who submit the contest entries they receive to CBI for final judging. All poster submissions were evaluated based on overall message, creativity and workmanship. Adelynn and the other two finalists beat out over 1,000 other poster entries received from schools all over Iowa.

“Adelynn’s poster design did a great job of explaining various aspects of finance, such as saving, budgeting, and making sound financial decisions” said CBI Communications Director Krissy Lee. “Her poster was colorful, creative, and showed an understanding of how these things work together. Financial literacy for all Iowa students is CBI’s and Money Smart Week’s mission, and what we hope they gain by entering the Poster Contest.”

Thank you to the students that participated in the Money Smart Week poster contest and congratulations to our winner, Adelynn Kemen.

The Grand Prize-winning student receives a $600 Certificate of Deposit, and 2nd and 3rd Place students each receive a $300 Certificate of Deposit. Adelynn’s poster will be featured with the other contest winners in CBI newsletters and other communications, as well as in CBI social media and on their website, www.cbiaonline.org.

For more information on Money Smart Week, visit www.moneysmartweek.org.

About Farmers Savings Bank & Trust

Darlys Hulme, President of Farmers Savings Bank & Trust, stated the current assets of the independent community bank is $225 million. We are a bank built on dedication to service and the success of our customers.

About CBI

The Community Bankers of Iowa exclusively promotes and defends the common interests of independently owned and locally controlled Iowa community banks whose services are vital to the preservation of economic diversity and rural America. Nearly 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.