BankWork$™ Partners with Goodwill Industries of Denver

NEWS RELEASE

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


BankWork$™ Partners with Goodwill Industries of Denver to Bring Financial Services Industry Career Training Program to Denver

The free training program for low-income young adults provides a pathway to financial services industry careers, places graduates in jobs at leading local banks

DENVER, April 12, 2016 – BankWork$™ announced today it has partnered with Goodwill Industries of Denver to bring a free eight-week financial services job training program to The Mile High City. The program helps low-income young adults and those with barriers to employment and is already available in Los Angeles, Seattle, San Francisco, Phoenix and Portland, Oregon. BankWork$™ will soon be offering classes in Houston as well and will be expanding into Chicago later this year.

“Financial service industry jobs are not only good jobs, they’re the entry point for a fulfilling, life-long career,” said Colleen Anderson, Executive Director at BankWork$™. “Since we began this program in 2006, more than 1,000 graduates have landed jobs as tellers, customer service representatives and personal bankers at leading financial institutions and many have gone on to rise through the ranks.”

BankWork$™ graduates have a reputation for loyalty in an industry affected by a high turnover. Eighty-five percent of BankWork$™ graduates remain employed six months after hire and 72 percent are still there after one year.
“With thousands of baby-boomer bankers likely to retire within the next decade, opportunities are abundant for those pursuing a career in banking,” said Don Childears, president and CEO of the Colorado Bankers Association. “Fast track processional development programs like BankWork$™ offer job seekers the extensive hands-on training and exposure that can lead to successful, long-term employment.”

Goodwill Industries of Denver has been serving Denver and northern Colorado for nearly 100 years and helped more than 23,000 at-risk students and struggling adults last year. Goodwill’s career development programs are made possible through their retail stores and by partnering with organizations that fit with the needs of the community.

“BankWork$™ has been extremely successful in training graduates and placing them in jobs within the communities it serves. At Goodwill, we aim to give struggling individuals a hand-up – not a hand-out – and that’s exactly what BankWork$™ is doing. We’re thrilled to offer this opportunity to the people of Denver through this partnership,” said Stuart Davie, President and CEO of Goodwill Industries of Denver.
Bank of America, U.S. Bank, Wells Fargo and the Sheri and Les Biller Family Foundation have each pledged $1 million to support a national rollout that will bring the BankWork$™ program to 15 or more markets over five years. The national expansion goal is to place 1,200 to 1,500 graduates annually in financial services industry positions by 2019.

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 and Portland, OR. As part of a five-year, $4-million national expansion in partnership with Bank of America, U.S. Bank and Wells Fargo, the program will expand to Houston, Denver and Chicago in 2016 and to more than 15 markets by 2019. For more information, see www.bankworks.org.

About Goodwill Industries of Denver
Goodwill Industries of Denver seeks to reverse the cycle of poverty through career preparation and skills training for at-risk youth, struggling families and individuals with disabilities. Through its thrift retail operations and community programs, Goodwill is ensuring that every individual in our community has the opportunity to live to their fullest potential and overcome barriers to success and self-sufficiency. Visit www.goodwilldenver.org to learn more.

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