Central Bank Partners with Good Samaritan for New Program
Scotty Brown
Marketing & Communications Specialist
Springfield, MO – Good Samaritan Boys Ranch is pleased to announce the launch of their new program, Fostering Stability, in partnership with Central Bank of the Ozarks.
Fostering Stability is an economic mobility pilot program that helps youth who have just aged out of foster care overcome crises, enrich their lives, and increase their vision for the future. Program participants receive a monthly financial gift for up to 24 months after aging out of foster care at 21 years old.
“Foster youth age out of care without the support of a family to fall back on,” says Vice President, Matt Moncado.
A 2024 study found that 74% of young adults 18-34 years old were financially dependent on their parents. Unplanned crises and inexperienced decision-making are inevitable for all young adults, but they are more unforgiving for youth who age out of foster care without relational and financial support.
“It is our hope with Fostering Stability that youth can feel free to dream for the future without the stress of a crisis or making a mistake.” Moncado says.
With the launch of this one-of-a-kind program for Southwest Missouri, Good Samaritan sought out the partnership of a regional leader that holds the same mission for helping youth in foster care.
“I’m thrilled that Central Bank can partner with community organizations such as Good Samaritan Boys Ranch on a program like Fostering Stability. It makes me happy to know we are providing a firsthand experience for young adults starting life out on their own,” says Heather McGuigan, AVP Business Development for Central Bank.
In addition to establishing a banking relationship, youth will have financial education resources available to them through Central Bank as they step out on their own for the first time.
“It can be very overwhelming. We see the impact that a positive bank experience can have on a young adult. Through our financial education partnership, we hope to help each program participant learn positive financial habits that they can own, be proud of, and create their version of future success.” McGuigan says.
Every dollar raised for Fostering Stability goes directly to youth who have just aged out of foster care. To join others in support of this new program, donate now!