Cambridge Savings Bank has partnered with St. Paul AME Church to provide financial literacy training to adult congregation members of St. Paul AME Church and of other African American Cambridge churches.

The bank recently expanded its CSBsmart financial education program in light of some numbers of financial literacy in urban communities, including an FDIC study that showed that 55 percent of African Americans are unbanked or underbanked.

CSBsmart seeks to contribute to the economic development of the communities Cambridge Savings Bank serves by empowering individuals with financial education and money management skills. The CSBsmart program familiarizes participants with the basics of budgeting and saving, the importance of maintaining financial stability, credit and fraud protection, and easy to understand steps that allow anybody to appropriately manage personal finances.