Fall River-based community bank, BankFive, and the SouthCoast Community Foundation have teamed up to create the President’s Scholarship Fund. The scholarship was established to honor the memory of past presidents & CEOs of BankFive.
BankFive and its leadership value the importance education plays in an individual’s career. As an organization dedicated to serving and improving its community, the Board voted to allocate $1.2MM to establish a scholarship fund. Scholarships will be available to students from BankFive communities that are pursuing a college education and provides a four-year scholarship to a graduating senior from Bristol County, MA, Bristol and Newport County, RI, to attend an accredited college or university. This scholarship is awarded with consideration of either academic achievement or financial need. The scholarship is renewable each year that the student is enrolled full-time and meets eligibility requirements.
”“BankFive has always been committed to reinvesting in our communities, and that includes investing in the futures of the children and young adults who live here,” said BankFive CEO Anne Tangen. “By providing the means for the next generation to receive an education to better prepare them for brighter futures, we honor our previous presidents and CEOs who devoted themselves to the same goals.”
We are so proud to partner with BankFive in offering scholarships to South Coast students. The foundation is committed to improving education opportunities in our region, and this is a huge step in that direction,” said SouthCoast Community Foundation President Leonard Lee.
Interested students can apply online by visiting www.southcoastcf.org/scholarships
. The scholarship application period is January 9- March 1, 2023.