A team of Eastern Kentucky University students has placed second in the nation in the Bank Case Study Competition, the Conference of State Bank Supervisors has announced.
Fifty-eight undergraduate student teams from 44 colleges and universities partnered with community banks to conduct original case studies on how the economic growth, regulatory relief and the Consumer Protection Act helped community banks foster economic growth.
You can see the video the six finalists created as part of their entries here: https://www.youtube.com/watch?v=pjv3o-7hYTQ&feature=youtu.be
EKU’s strong second place performance follows on the heels of winning the competition in 2018.
EKU student team members were Coby Cumbow, Kassidy Easterling, Randa Morris, Madison Pergrem and James Scott Winter. Kentucky Bank, based in Paris, Ky., partnered with the EKU student team on the project. Maggie Abney, Executive in Residence in the department of Accounting, Finance and Information Systems at EKU, served as the team’s faculty advisor.
"Kentucky Bank was honored to partner with EKU and we commend the student team on their outstanding accomplishment in this national competition,” said Kentucky Bank president and CEO Louis Prichard. “Their commitment to the project and process elevated their results and are a reflection of the remarkably talented students and faculty at EKU."
"EKU continues to achieve national recognition for excellence,” said Kentucky Banking Commissioner Charles Vice. “The team spent numerous hours studying the topic and engaging leaders in the banking industry, state regulatory agencies and the U.S. Congress to produce a high-quality report and video. EKU should be proud of their efforts and accomplishments."
EKU was recognized for their efforts by other government officials as well. In an interview with the case study team, U.S. Representative Andy Barr (R-KY) said, “I applaud Eastern Kentucky University and the finance students at EKU for pursuing this project and doing such a great job. I think it’s fantastic that EKU has such an outstanding group of students who are not only learning about banking and learning about finance, but also understanding how public policy impacts finance and financial services.”
“Congratulations to Eastern Kentucky University students Coby, Kassidy, Randa, Madison and Scott for winning second place at the national Community Bank Case Study Competition,” said U.S. Sen. Mitch McConnell (R-KY). “Their thoughtful study of Kentucky’s community banks and credit unions provided a look into our Commonwealth’s financial system and its customers.”
Juniata College in Pennsylvania placed first in the national competition, partnering with Kish Bank in Belleville, Penn., and advised by Sinead Gallagher.
The Community Bank Case Study Competition is open to undergraduate students in all fields of study. It serves as an opportunity for students to gain valuable, first-hand knowledge of the banking industry. The Conference of State Bank Supervisors uses the results of the case studies conducted by the students to develop future bank policy and plan for future regulatory reform initiatives. The work of these students assists the industry in gaining perspective on current issues in banking.