Teen video contest promotes saving money

Ridgewood Savings Bank is participating in the “Lights, Camera, Save!” video contest for teens ages 13-16. Youngsters are encouraged to be creative while learning about the value of saving, and at the same time inspiring others to become “life-long savers” themselves.

“Lights, Camera, Save!” is part of the American Bankers Association Education Foundation’s National Teach Children to Save Program.

“As a community-focused bank, we feel it is important to educate our teens about the value of saving as a life-long endeavor,” said William C. McGarry, Ridgewood Savings Bank Chair and CEO. “This video competition is a creative and engaging way to encourage young adults to develop smart savings habits early in life. You can’t start too early.”

The contest is open to bank customers and the public – all are invited to submit their video entries to any Ridgewood Savings Bank branch now through November 1. Contestants may submit only one video up to 90 seconds in length, recorded on CD or DVD formats, with content that supports a consistent and meaningful message on the value of saving.

The bank will host the first round of judging to select three top winners. Entrants have the opportunity to win a grand prize of a Nook w/Wi-Fi®, second prize of a Kodak Mini Video Camera or third prize of a $100 American Express Gift Card. The top winning video from among these three winners will then be submitted by the bank to compete at the national level for a chance to win a $3,000, $1,500 and $500 U.S. Savings Bond or an iPod® Touch.

Official entry forms are available at all Ridgewood Savings Bank branches. Video submissions can be mailed to or brought into the bank. Local winners will be announced during December 2010, and the National Grand Prize winner will be announced in September 2011.

“We are excited to be a part of a program that reminds young adults how important it is to become financially responsible,” said LouAnn Mannino, assistant vice president, Ridgewood Savings Bank. “Producing a video is a fun way to get them thinking about an important topic.”

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