The MIBA’s employee/dependent scholarship program provides greater penetration to and more benefit for our member
banks and their employees. This year, the MIBA will award 16 $500 scholarships again, with four awarded to member banks in each of the four membership regions. Each member bank CEO selects at their discretion a deserving employee or an employee’s dependent who wishes to further their education in either a graduate or undergraduate curriculum. 

The award may be used for the furtherment of any type of educational goal by the selected “winner.” It will be up to you, the CEO, to select an individual who truly warrants this scholarship assistance. Some banks hold their own “drawing” to select the applicant.

This scholarship program is designed to meet the financial needs of community bank employees more than to recognize scholastic achievement. The determination of such needs will be left to the sole discretion of our member CEO submitting the application. We feel this award opportunity will be a valuable addition to our member banks’ employees in furthering their education either in the field of banking or helping to make possible continuing education for their dependents. 

“Winners” will be drawn by lottery from each of the four MIBA member bank regions. Four $500 scholarships will be awarded in each of these regions. A check will be forwarded after the selection process to the submitting bank CEO for presentation to their bank employee/dependent. Applications have been mailed, and we are asking that each member CEO submit only one application per charter and that all applications be returned by April 16 for the drawing to be held at our May 2021 Directors and Officers Seminar. Bank CEOs with winning employees/ dependents will be notified shortly thereafter. 

We hope you will find this a valuable tool in enabling you to assist worthy employees in attaining their educational goals. We thank you for your membership and support.