Scholarship Program

AND THE 2003 WINNERS ARE . . .

It was another great year for IBC’s Scholarship Program as more than 60 banks participated, OVER 70 applications were received and $4,000 will be awarded in scholarship money. Half of the money is given to bank customer applicants and the remaining is given to bank employee children. A HUGE thank you goes to the independent selection committee as each application was examined, scored and considered. They had an extremely difficult task of narrowing the winners to six.

Qualifications to receive a scholarship were: GPA of 3.0 or greater; be accepted at a Colorado college or university as a full-time student; have an account or their parents have an account at an IBC member bank for at least six months; and complete an essay question and application. An independent committee comprised of IBC associate members selected the scholarship winners. The committee was: Heidi Albowitz, First Data Corporation, Englewood; Dan Baker, Total Bank Technology Solutions, Denver; Judy Straayer, Central States of Omaha, Centennial; and Sandy Molliconi, Elan Financial Services, Denver. Applicants were judged on their essay question response to: “You’ve applied for a credit card from company X. Company X has a subsidiary it is trying to grow and wants to share the information you provided on your credit application with the subsidiary. Should company X be allowed to share your information? Why or why not?” and on their academic performance, extra curricular activities, and references.

The winners for the bank employee category are: Stephanie Nelson, sponsored by Heritage Bank in Louisville will receive a $1,000 scholarship; Kyle Bixenmann, sponsored by Olathe State Bank in Olathe and Jenna Zimbelman sponsored by The Bank of Burlington in Burlington will each receive a $500 scholarship. In the bank customer category the winners are: Jessica Millican sponsored by Dolores State Bank in Dolores will receive a $1,000 scholarship; Jeff Ipsen sponsored by FirstBank of Arvada in Arvada, and Branden Edwards sponsored by The Bank of Grand Junction in Grand Junction will each receive a $500 scholarship.

The scholarship application and essays will be available for review at the IBC’s 30th Annual Convention at the Beaver Run Resort in Breckenridge, September 25 – 27, 2003. The overwhelming response was NO the information should not be shared with the subsidiary.