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Below are records and correspondence documenting the historic opening of the first student managed bank
in the United States. The bank came to life, in large part, thanks to the brillance and foresight of Donald E.
Garrant, who was the President and CEO of the Wakefield Savings Bank at the time the student bank became a reality.
| The Honorable George W. Bush |
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| President of the United States |
| Bush Administration Official Presents Citation |
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| US Treasury Assistant Secretary for Financial Institutions - May 2004 |
The current Savings Bank President and CEO, Brian McCoubrey, (second from left in above photo) and other
Savings Bank staff members served as mentors and provided guidance to the five students involved
in the preparation of the 1st Educational Saving Bank's branch application and the presentation of the detailed operations
manual to the Massachusetts State Bank Commissioner.
| Bush Administration Acknowledges Student Bank |
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| US Treasury Assistant Secretary Visits Student Bank - March 2004 |
| Ist Educational Savings Bank's First Officers |
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| June 1981 |
| Commander Benedetto and Tom Queeny |
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| Two of the Orginal Five Student Bankers |
| Walter Havey, Senator Brennan, Commander Benedetto |
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| Massachusetts State House |
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