Sept 24 - The Independent Bankers Association of Texas welcomes former U.S. Senator Kay Bailey Hutchison, senior counsel at Bracewell & Giuliani, as honorary chair of the IBAT Education Foundation. Hutchison, who retired from the U.S. Senate this past January, has been a supporter and friend of IBAT since her time in the Texas legislature. In this new role, she will help promote the Education Foundation, which is the philanthropic arm of IBAT that funds initiatives to help community bankers actively create a more secure financial future for all Texans. The foundation’s focus is on providing financial literacy programs for consumers and students.
“I hope my service as honorary chair of the IBAT Education Foundation will be a catalyst to help adequately fund the unfunded mandate given by the Texas legislature to provide a solid foundation of financial education for every child in Texas,” Hutchison said. “I’ve long believed in the work and mission of IBAT and was honored to be asked to serve in this important role. I’ve seen all too well throughout my career that the financial future of Texas — and this country — is dependent on early and consistent financial education at home and in the classroom. As my own children reach adolescence, it’s clear that the lessons they learn today are preparing them for successful adulthood.”
Hutchison has been a strong advocate for community bankers in Texas and the community banking industry in general for many years. She worked closely with IBAT members and staff on banking legislation affecting community financial institutions during her tenure.
In 2012, Hutchison was recognized with the IBAT Leadership Division Trailblazer Award, given annually to a public servant who has gone above and beyond in service to the financial services industry in Texas.
Originally from Galveston, Hutchison has been in public office for almost 40 years, beginning in 1973 when she served as a member of the Texas House of Representatives. She then served as the Treasurer of Texas before becoming a U.S. Senator, an office she held for 20 years before recently retiring. Hutchison was the first and only woman to represent Texas in the U.S Senate. By the end of her tenure, she had become the highest-ranking female Republican senator ever.
“We couldn’t be more pleased or humbled to welcome former U.S. Senator Kay Bailey Hutchison to the IBAT Education Foundation,” Chris Williston, IBAT president and CEO, said. “While in both the Texas House and more recently, the U.S Senate, she was a consistent advocate for legislative policies that recognized the important role community banks play in the national economy. Her commitment to bettering Texas, paired with her exceptional leadership and her innate knowledge about the importance of financial literacy, make her the ideal person to help IBAT take the Education Foundation to the next level.”
The Education Foundation launched the IBAT Teach the Teacher program in 2011, which has been held in six markets to date, impacting 275 teachers and almost 40,000 students. Teach the Teacher helps address the Texas legislature’s mandate to provide financial education as a part of public high school curriculum. This one-day program provides educators with engaging and practical approaches to teaching money management to students. As part of the program, a local community banker mentors each participant for a year. Teach the Teacher recently received the prestigious The Power of A Silver Award given by the American Society of Association Executives. The Education Foundation also gives annual Teaching Excellence in Financial Literacy Awards to recognize teachers across the state who use innovative and effective methods to teach financial education in the classroom.
For more information about the IBAT Education Foundation, please visit www.ibat.org.