Bank of Clarke partners with Greenlight for family money management solution

Key Points:

1. Objective:
   • Foster “healthy lifelong financial habits” among customers.
2. Service Offering:
   • Bank of Clarke customers can now register for a complimentary Greenlight subscription.
   • Customers can link their Bank of Clarke account as a funding source.
3. Significance:
   • Bank of Clarke is the first community bank in Virginia to partner with Greenlight.
4. Greenlight Overview:
   • Founded: 2014
   • Specializes in: Family-focused money management solutions
   • Features: Instant money transfers, chore management, automated allowance payments, flexible spending controls, and a debit card and app for children.
5. Bank of Clarke Overview:
   • Established: 1881
   • Headquarters: Berryville, Virginia
   • Operations: 14 full-service branches, two loan production offices, a drive-through facility, and a wealth management office.
6. Statements:
   • Brandon Lorey (President and CEO of Bank of Clarke): Emphasized the importance of fostering healthy financial habits.
   • Matt Wolf (SVP of Business Development at Greenlight): Highlighted the potential of community banks to enhance financial literacy through strong community ties and exceptional customer care.
7. Recent Developments:
   • Greenlight’s Other Partnerships: Includes U.S. Bank, which offers Greenlight via an integrated mobile app experience.