Annual statewide program awards winner up to $4,000
Newton (November 07, 2017) – The Peoples State Bank announces a competition that enables Illinois high-school seniors to enter a statewide short essay-writing contest. The contest is part of a program sponsored by Illinois community banks and the CBAI Foundation for Community Banking to increase public awareness of locally owned banks and their contributions to the community.
Peoples State Bank is a member of the Community Bankers Association of Illinois (CBAI), which formed the Foundation in 1996. A monetary award in the amount of $1,000 a year for up to four years of higher education will be given to the author of the best entry submitted to the CBAI Foundation by a participating Illinois high school senior. Up to 11 additional first place $1,000 awards and 12 second place $500 awards are available throughout the state. An additional $500 will be awarded to the high school of the overall winner.
“We believe in the importance of education and know how expensive it can be, which is why we’re thrilled to participate in this annual program,” said Stacy Moore, Peoples State Bank President.
The bank is inviting high school seniors to submit one-paragraph entries on topics concerning the impact/importance of community banking on themselves, someone they know, and their communities.
Information on the scholarship contest is available at all Peoples State Bank branches. Entries must be submitted to the bank no later than Friday, January 12, 2018. Peoples State Bank will then submit the top three selected local entries to CBAI Foundation to be eligible for statewide competition. Based in Springfield, CBAI is a professional association that represents approximately 350 Illinois-chartered banks and thrifts throughout Illinois.
***Press release and photo courtesy of People’s State Bank***