BankWork$™ Partners with Association House of Chicago

NEWS RELEASE

Contact Tracy Williams | Olmstead Williams Communications
310-824-9000 | tracy@olmsteadwilliams.com


BANKWORK$™ PARTNERS WITH ASSOCIATION HOUSE OF CHICAGO TO BRING EIGHT-WEEK FINANCIAL SERVICES INDUSTRY CAREER TRAINING PROGRAM TO CHICAGO

The free training program offers an opportunity to launch a career in banking to individuals with barriers to employment

CHICAGO, June 8, 2016 – BankWork$™ announced today that it has partnered with Association House of Chicago to expand to Chicago to offer its eight-week free training program that places low-income young adults and those with barriers to employment in jobs in the financial services industry. BankWork$™ already offers the program in six cities across the country – Los Angeles, Seattle, San Francisco, Phoenix, Portland, Ore. and Houston – and will also expand to Denver and Chicago later this year.
“BankWork$™ has propelled more than 1,000 graduates across the country into careers in the financial services industry,” said Colleen Anderson, Executive Director at BankWork$™. “These jobs as bank tellers, customer service representatives and personal bankers are a path to stability and are stepping stones to rewarding careers in the financial services industry.”

BankWork$™ partners with leading nonprofit vocational training organizations in each market who deliver the program locally. The eight-week course equips graduates with the hard and soft skills needed to become qualified candidates for in-demand jobs at local bank branches. The program has a 72 percent placement rate, and 82 percent of graduates placed in jobs in the financial services industry remain employed six months after graduation.
“The banking industry is always in search of the best talent,” said William Fanter, Senior Vice President, Chicago Region Manager at U.S. Bank. “BankWork$™ graduates are unique because they arrive on the job ready to go from day one, and they are committed to this industry. The program is able to provide candidates from a diverse set of backgrounds, and that’s important to the banks.”

Association House of Chicago is a historic settlement house serving the community for over a century to offer human services programs that address both immediate needs and long-term personal development. Association House works with a multicultural, largely Latino and African-American population of all ages in Chicago’s under-served neighborhoods.
“There is often a gap between earning a high school diploma and having the skills and confidence needed to start a professional career,” said Harriet Sadauskas, President of Association House of Chicago. “The training provided by BankWork$™ will prepare individuals for a sustainable career with the possibility for advancement. It’s an opportunity that could be a life-changer for many of the people that we serve.”

About BankWork$™
BankWork$™ was started in 2006 in Los Angeles by The Sheri and Les Biller Family Foundation in partnership with regional workforce development leader JVS Los Angeles. The program currently has operations in Los Angeles, Seattle, San Francisco, Phoenix, Portland, Ore. and Houston. As part of a five-year, $4 million national expansion in partnership with Bank of America, U.S. Bank, Wells Fargo, and the Sheri and Les Biller Family Foundation, the program is expanding to Denver and Chicago later this year and will be in 12-15 markets by 2019. For more information, visit www.bankworks.org.

About Association House of Chicago
Association House of Chicago is a non-profit organization offering human services programs that address both immediate and personal development needs. Based in Greater Humboldt Park, Association House works with a multicultural, largely Latino and African-American population of all ages in Chicago’s under-served neighborhoods. Association House offers immediate assistance and helps participants achieve independence through programs across five service areas: Community Services, from basic needs to adult education and pre-employment training; Behavioral Health offering support and mental health services; Child Welfare; Prevention & Education Development programs, including health & nutrition education; and Association House High School, which offers support to remove barriers for students seeking a second chance to earn their diploma. These bilingual, evidence-based programs, conducted by seasoned staff in a caring, welcoming environment, provide a cohesive safety net for nearly 20,000 Chicagoans each year. Find out more at www.associationhouse.org.


What People are Saying:

  • I had the honor of being hired by a bank sponsor of this life-changing program. Before I hit my six-month mark, I was awarded ‘Teller of the Month,’ and before my first anniversary, I was promoted to Lead Teller. I've regularly been among the top three in my district for sales and I see endless opportunities for my career. But most important, my children and I are finally safe, free and happy.Ruby Bates, Seattle BankWork$ graduate from 2012 working at Key Bank

  • We developed BankWork$ to open a door for young people from low income and minority communities to help them find and succeed in well-paying jobs that can lead to a lasting career. Every successful person has been helped by someone who opened a door for him or her at some point in their career. We wanted to do that for people who would not otherwise have found their way into banking. And at the same time we are providing our partner banks with well-trained and highly qualified candidates who happen to be from underserved communities.Les Biller, Founder, BankWork$ and Former COO, Wells Fargo
    Founding Trustee, The Sheri and Les Biller Family Foundation

  • Having a workforce that reflects the communities we serve is important for Wells Fargo and for the financial services industry as a whole. Our goal is to have Wells Fargo team members that exceed our customers’ expectations. That translates into highly trained team members that reflects the community where they live and work and deliver an excellent customer experience, resulting in helping their customers succeed financially. Our investment in BankWork$ is an investment that helps realize that goal.John Sotoodeh, EVP, Regional Banking Executive –Southwest Region, Wells Fargo

  • Bank of America looks for a variety of ways to build a pipeline of diverse talent. BankWork$ has developed an innovative way to introduce a career in banking to people from inner city communities and we are proud to be a part of extending the program across the country. Michael Sherman, Head of Global Staffing at Bank of America