Annual Scholarship Program

The CBAI Foundation for Community Banking provides $21,000 in scholarship funds for top high school seniors statewide. One semi‐finalist may be chosen from each of the CBAI groups via an essay‐writing contest. We have the ability to award a $1,000 scholarship to a student in 11 of CBAI’s 12 groups along with $500 to a second place person in each group, which assures geographical uniformity of winners. The statewide winner will win $1,000 a year for up to four years of higher education. And, as in previous years, the high school of the overall winner will receive $500. Your bank’s chance of sponsoring a winner is better than ever!

It costs nothing for your bank to be involved and there are “no strings attached”! However, the banks reaping the greatest benefits are those which offer local scholarships in addition to the $21,000 the Foundation has made available for awards statewide.

Through promotion of the Scholarship Program to the community‐at‐large, as well as involvement with students, participating banks have gained a higher profile or their community‐service efforts. Local high‐school administrators, teachers and guidance counselors appreciate the scholarship opportunities as well. It is, however not necessary to work through your local school(s). Banks can promote the program at‑large and take the applications and essays directly. Each bank then judges the essays and sends the best to the CBAI Foundation.

Your bank can harvest more publicity, better community goodwill, and a higher profile — all with minimal effort and expense. It also can be applied toward your CRA requirement

SCHEDULE OF EVENTS

TODAY Complete the “Information Request” form in this brochure and return it to the CBAI Foundation for Community Banking. We’ll send the forms and instructions you need.

THIS MONTH Begin talking with the pertinent individuals at your local high school(s) so that they can incorporate the Scholarship Program into the curriculum. [It is not necessary to work through the schools. Banks can promote the program at‑large and take the applications and essays directly. Each bank can then judge the essays and send the winning essay(s) to the CBAI Foundation.]

NOVEMBER 1 Mailing of general news release to the media by the CBAI Foundation for Community Banking announcing the scholarship program.

MARCH 1 Applications and essays due at the CBAI Foundation office by 5 p.m.

MAY Winners announced first week of May.

$21,000 IN SCHOLARSHIPS IS BEING AWARDED!

$1,000 is available for one student in each of the 12 CBAI Groups

$500 for 12 second‑place winners

Total of $4,000 for the statewide winner

QUESTIONS? Call 800/736‑2224 or e‑mail