CBAI Foundation announces statewide scholarship contest

From press release

The CBAI Foundation for Community Banking announces its 2011 Annual Scholarship Program, which enables Illinois high school seniors to enter a statewide essay-writing contest. The goal of the program, sponsored by CBAI member banks and thrifts, is to increase public awareness of community banks and their contributions.

Again this year, the 25th year of the program, the total amount of money offered is $16,500. A scholarship in the amount of $1,000 a year for up to four years of higher education will be awarded to the author of the best essay submitted to the CBAI Foundation by a participating Illinois high school senior. As many as 12 additional $1,000 awards are available, one in each of the remaining 12 CBAI-designated regions of the state. An additional $500 will be awarded to the high school of the statewide recipient.

All high school seniors, regardless of their financial need or plans for higher education, may participate via a sponsoring CBAI member bank. To acquire a list of participating CBAI member banks, visit the website at www.cbai.com.

Essay deadline: Entries must be received by the CBAI Foundation via the sponsoring bank by noon, Monday, Feb. 7, 2011, to be eligible for judging. Scholarship funds will be awarded in May.

CBAI, a professional trade association representing approximately 440 Illinois banks and thrifts, is headquartered in Springfield.