Wolf Administration Recognizes Pennsylvania Students Participating in National Community Bank Case Study Competition

HARRISBURG, Pa., Feb. 26, 2018 /PRNewswire-USNewswire/ -- Pennsylvania Secretary of Banking and Securities Robin L. Wiessmann today commended students from 12 Pennsylvania colleges and universities who will be competing in the 2018 Conference of State Banking Supervisors (CSBS) Community Bank Case Study Competition.

The Community Bank Case Study Competition is open to undergraduate students in all fields of study as an opportunity to gain valuable first-hand knowledge of the banking industry. This year, each student team will develop an original case study that evaluates how their local community bank is using technology within day-to-day operations. 

"As the financial services sector of our economy evolves because of changing consumer demands and technological innovation, the need to engage the rising generation's interest in working in finance has become paramount," said Wiessmann. "Last year, four Pennsylvania schools entered this competition. I am excited to see the large increase of Pennsylvania colleges and universities choosing to compete on a national stage, as well as the number of state-chartered banks participating. We are cheering them on as they compete for this year's prize."

Twelve of the 47 institutions entered in the competition are from colleges and universities within the commonwealth:

• Ursinus College (Collegeville, Montgomery County), working with Victory Bank
• Grove City College (Grove City, Mercer County), working with Mars Bank
• Immaculata University (Malvern, Chester County), working with First Resource Bank
• Mansfield University (Mansfield, Tioga County), working with Citizens & Northern Bank
• Saint Vincent College (Latrobe, Westmoreland County), working with Somerset Trust
• Kutztown University (Kutztown, Berks County), working with Customers Bancorp and New Tripoli Bank
• California University of Pennsylvania (California, Washington County), working with Washington Financial
• York College of Pennsylvania (York, York County), working with Fulton Bank
• Penn State Harrisburg (Middletown, Dauphin County), working with Fulton Bank
• University of Pittsburgh at Johnstown (Johnstown, Cambria County), working with Somerset Trust
• Alvernia University (Reading, Berks County), working with Tompkins VIST Bank
• East Stroudsburg University (East Stroudsburg, Monroe County), working with Mauch Chunk Trust

Pennsylvania has more schools represented than any other state in the competition.

The student teams are competing for an academic scholarship, a chance for to get their work published in an academic journal and an opportunity to attend the sixth annual CSBS-Federal Reserve Community Banking Research Conference, held in St Louis this October. The top three scoring teams will be announced this spring. For more information on the 2018 Community Bank Case Study Competition, visit www.csbs.org/bankcasestudy.

Anyone can contact the Department of Banking and Securities at 1-800-PA-BANKS. Members of the public are also invited to connect to the department through Facebook and Twitter, or subscribing to the department's newsletter.

Media contact:   Ed Novak, 717-783-4721

SOURCE Pennsylvania Department of Banking and Securities