Wednesday, January 6, 2015 || By Nicholas Samuel
High school seniors living in Maywood, Bellwood, Broadview, Melrose Park and other places in Cook County could soon win a four-year $1000 scholarship, a $1000 award or a $500 award through a statewide essay writing competition.
The competition is sponsored by the Community Bankers Association of Illinois (CBAI) Foundation for Community Banking, based in Springfield, Illinois.
Pan American Bank, a financial institution known for its strong commitment to the communities it serves, is also taking part in the competition and will be collecting entries until Jan. 14, 2016 at 6 p.m. Participants can drop off their submissions at one of the bank’s five locations, the nearest to most Proviso Township residents being in Melrose Park, 1115 N. 23rd Ave.
“Community involvement is our number one priority at Pan American Bank and we are extremely proud to be able to bring this opportunity to young members of our community,” said Frank Cerrone, Co-Chief Executive Officer and President of Pan American Bank, in a recent press release. “This essay contest aligns perfectly with our mission to foster community development by delivering superior products and services to individuals, families and businesses to help them succeed and grow.”
Student entries will be based around the theme of the competition: The Importance of Community Banking.
Pan American Bank will also issue its own scholarships as it solicits essay submissions for the statewide competition. The bank has five locations in Melrose Park, Little Village, Sauganash, Bellwood and Palatine.
One winner from each location will be selected by Pan American Bank’s Community Reinvestment Act Committee and each winner will receive a $100 award.
The best essay of the five will be given a $1,500 scholarship from the bank.
Pan American Bank, which is a member of the CBAI, will then submit its three highest scoring entries to the CBAI scholarship competition.
CBAI is a professional association that represents nearly 40 Illinois-chartered banks and thrifts. It formed the foundation in 1996, giving away financial awards to deserving high school students to highlight the importance of community banking local economies.
Information on the contest is available at each Pan American Bank office. VFP