FDIC Chairman to Hold Panel Discussion on Consumer Protections and Financial Education

FDIC Chairman to Hold Panel Discussion on Consumer Protections and Financial
Education

KANSAS CITY, Mo., April 7 /PRNewswire-USNewswire/ -- Federal Deposit Insurance
Corporation (FDIC) Chairman Sheila C. Bair today will address Kansas City area
leaders and community members in honor of the year long celebration of the
FDIC's 75th anniversary that began on June 16, 2008. The Chairman will
discuss the role that financial literacy and education can play in helping
Americans save more, spend less and address current economic hardships.

"In today's financial climate, understanding your finances is the first step
to financial stability and independence and ensuring your money is safe and
secure. Sharing ideas and successful methodologies among peers is one of the
most effective avenues to enhancing the financial education arena," said
Chairman Bair. "I know the FDIC has success stories and challenges to share
and I am sure others do too."

Following the Chairman's remarks, she will lead a panel discussion about bank
services and products that help build wealth, financial education, and how
banks can expand access to their services among low- and moderate-income
communities and other traditionally underserved populations. The discussion
will also include ways the FDIC, banks and community organizations can help
inform consumers about the safety of their money in insured institutions.

Participants in today's panel include Peggy Brotherton-Ford, Program
Administrator, InnerLight, Inc.; William Dana, President and CEO, Central Bank
of Kansas City; Vanessa Finley, Executive Director, First Step Fund; and Julie
Riddle, Director of Family Support, The Family Conservancy.

The panelists will each share their experiences working in the community and
offer new and innovative insights into financial education.

Today's event in Kansas City is the fifth stop on the Face Your Finances Road
Show, a public education campaign that coincides with the FDIC's 75th
anniversary. Other cities include Chicago, San Francisco, Dallas and New York.

The FDIC's anniversary campaign also included national advertising in major
daily newspapers, news magazines, and lifestyle publications to increase
awareness of deposit insurance limits.

"The FDIC has a proud and storied tradition. We are very pleased to say that
no depositor has ever lost a penny of insured funds at an FDIC-insured
institution," said Chairman Bair. "For seventy five years, we've protected
the savings of consumers, and promoted confidence in the banking system to
keep it stable and secure."

Congress created the Federal Deposit Insurance Corporation in 1933 to restore
public confidence in the nation's banking system. The FDIC insures deposits at
the nation's 8,305 banks and savings associations and it promotes the safety
and soundness of these institutions by identifying, monitoring and addressing
risks to which they are exposed. The FDIC receives no federal tax dollars -
insured financial institutions fund its operations.

FDIC press releases and other information are available on the Internet at
www.fdic.gov, by subscription electronically (go to
www.fdic.gov/about/subscriptions/index.html) and may also be obtained through
the FDIC's Public Information Center (877-275-3342 or 703-562-2200).

SOURCE Federal Deposit Insurance Corporation (FDIC)

Andrew Gray of Federal Deposit Insurance Corporation (FDIC), +1-202-898-7192