Bank First Making a Difference Scholarship
Bank First believes in helping students achieve their dreams of higher education. That’s why we are proud to offer an annual scholarship to students in the communities we serve. This scholarship is open to high school seniors who plan to attend a private or public college or university.
Bank First will award one $10,000 scholarship to the candidate who best demonstrates achievement and high standards in academics, character, leadership, citizenship, and involvement in school and community activities. The recipient will also best demonstrate how they will utilize their education to make a difference in their future career.
Scholarship Criteria to Apply
- Student must be a senior in high school.
- Student must currently attend high school in a county in which Bank First maintains an office.
- Student must plan to attend a private or public college or university (2 or 4 year). If the student has not yet been accepted into a college or university, they may still apply for the scholarship.
- Student must have a cumulative high school grade point average of 3.5 or higher (on a 4-point scale).
- Student must submit a copy of their high school transcript (grades 9-12) with the application.
- Student must demonstrate achievement and high standards in academics, character, leadership, citizenship, and involvement in school and/or community activities.
- Student must submit a 500-word essay. In 500 words or less, the student should discuss how they selected their intended field of interest or major. The applicant should share any experience they have in their intended field of interest (e.g., volunteer work, summer jobs, extracurricular activities, internships, etc.) and share what they gained from that experience. The essay should describe how the student’s college or university education will contribute to their immediate or long range career plan(s) and how they will use their education to make a difference in the future.
- Children or immediate family members of Bank First directors, officers, and employees are not eligible.
Guidelines to Receive Scholarship Funds
- Bank First will disburse scholarship funds in equal installments of $2,500 over a duration of four consecutive semesters following initial enrollment, subject to the student meeting the requirements described below.
- Scholarship funds will not be released until Bank First receives proof of enrollment via a tuition statement for each semester. The scholarship recipient is responsible for providing Bank First a copy of their tuition statement in a timely manner. Bank First will mail the scholarship check directly to the college or university.
- The first installment will be disbursed during the student’s first semester upon receipt of a tuition statement. To receive installments 2 - 4, the scholarship recipient must submit a transcript of their grades to Bank First. The student must maintain a minimum cumulative grade point average of 3.0 to receive the funds. If a student’s cumulative grade point average drops below 3.0, they forfeit their award for the following semester. However, the student will still be eligible to receive funds throughout the future semesters should their grade point average increase to 3.0 or better.
- Example: The student failed to achieve a cumulative GPA of 3.0 or better for one of the four consecutive semesters. As a result, the student forfeited one of four $2,500 installments, and their total award declined from $10,000 to $7,500.
- Tuition statements and transcripts can be mailed to Shannon Klahn at Bank First (Bank First; Attn: Shannon Klahn; P.O. Box 10; Manitowoc, WI 54221-0010)
The application deadline is March 1, 2019.
Submission and Selection
- Applications must be submitted to Bank First by March 1, 2019. Any applications received after the deadline will not be considered.
- Please send all applications to: Bank First; Attn: Shannon Klahn; P.O. Box 10; Manitowoc, WI 54221-0010
- The winner will be announced on or before April 30, 2019.
To access the application, CLICK HERE.