Better Banks announces a scholarship competition that enables Illinois high school seniors to enter a statewide essay-writing contest. It is all 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.
Better Banks 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 awarded to the author of the best essay 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 in each of the regions of the state. An additional $500 will be awarded to the high school of the overall winner.
The bank is working with all area High Schools to invite seniors to write one-page essay on the theme: How has the response of community banks differed from that of the megabanks during the global pandemic?
Length of the essay is not to exceed one-page, double spaced, using Times New Roman font, and 10-12-point size. Information on the contest is available at the bank and on their website; essays must be submitted to the bank by February 24th. The bank will then submit selected entries to the CBAI Foundation to be eligible for the statewide competition.
About the Community Bank Association of Illinois (CBAI)
Based in Springfield, CBAI is a professional association that represents approximately 310 Illinois-chartered banks and thrifts throughout Illinois. For more information on CBAI, visit cbai.com.