For more than a century, the South Carolina Bankers Association has been blessed with the strong support of its member institutions and their employees. To reinforce its commitment to education and assist students with the ever-increasing cost of higher education, the SCBA will continue its scholarship giving with the SCBA Palmetto Scholarship. A key component of the program is the emphasis on offering scholarships to the children of employees of SCBA-member banks who are college students, as well as part-time employees who are also in college. The Bankers Association believes offering scholarships to deserving children of bank employees helps demonstrate both its appreciation to member banks and their employees and serves as a means for building a path to a better, more prosperous South Carolina.
Hundreds of thousands of dollars have been awarded over the years to deserving college students through money raised by the Young Bankers Division Scholarship Golf Tournament and a significant transfer of funds from our Education Foundation. The SCBA understands that many students today often find themselves burdened by significant debt upon graduation. By offering scholarships to children of bank employees, the SCBA seeks to help students pursue higher education while also laying the foundation for the next generation of South Carolina’s leaders. Each scholarship is $1,000.
Additionally, the SCBA Board of Directors is honoring the memory of two members of the South Carolina banking family whose lives were tragically taken during a bank robbery in 2017. We have established two $2,500 scholarships named after Katie Skeen and Donna Major of the former CresCom Bank. The Palmetto Scholarship Committee will select two individuals from the pool of applicants who will receive the “Katie Skeen Palmetto Scholarship” and the “Donna Major Palmetto Scholarship.”
To be considered for a SCBA Palmetto Scholarship students must:
- Be a resident of South Carolina;
- Have a parent who lives in South Carolina and works for a SCBA member bank in South Carolina OR be a part-time employee at a member bank working a minimum of 20 hours per week;
- Be a full-time junior or senior undergraduate at an accredited four-year college or university in South Carolina during the fall semester of 2024;
- Have a minimum grade-point average of 3.0 on a 4.0 scale;
- Be active in his or her school and community, demonstrate a solid work ethic, and possess strong leadership abilities, good teamwork and a desire to succeed; and
- Submit a resume and letter of recommendation from a dean or professor when completing the online application. If you are a part-time bank employee, you must also have a letter of recommendation from senior management.
- Note: One may not receive the scholarship more than twice.
The application deadline is March 15, 2024. Unfortunately, applications submitted after this date will not be considered. The Scholarship Committee will review and grade the applications. Students will be notified in the spring. A dessert reception and check presentation will be held Tuesday, May 14 at the Palmetto Club in Columbia. Stay tuned for more details! Please note, we receive a significant number of applications from highly qualified students and the process of narrowing down a large applicant pool is challenging, especially when it is composed of so many highly qualified candidates. Unfortunately, not all applicants will receive a scholarship.