Centreville Bank Announces Two New Scholarships and Commitment to Award a Total of $45,000 to Recipients in 2024

Centreville Bank Announces 2 New Scholarships and Commitment to Award a Total of $45,000 to Recipients in 2024

Applications and nominations for graduating high school seniors from Rhode Island and eastern Connecticut are due April 12, 2024.

(WEST WARWICK, R.I.)  February 22, 2024 – Centreville Bank is pleased to announce that they have added two (2) new scholarships to their existing scholarship program. 

The Future Business Leaders scholarship is for high school recipients that demonstrate an entrepreneurial spirit and aspire to be an impactful business leader. Many students are interested in owning their own business and this scholarship fosters this dream while also recognizing the positive impact businesses can have in their local communities. Applicants must submit a business plan to bring their idea to life. Each year, three (3) recipients will each be awarded a $5,000 Future Business Leaders scholarship.  

The Emerging Community Leader scholarship will recognize students that uplift and support the community through acts of leadership, advocacy, and volunteerism. Students may be nominated by peers, teachers, guidance counselors, mentors or any other individual that is a non-familial relationship. Each year, three (3) recipients will each be awarded a $5,000 Emerging Community Leader scholarship.  

These new scholarships are in addition to the Robert O. Pare scholarship that Centreville Bank has been offering since 2018. This scholarship recognizes students who are dedicated to making a difference through community service. The scholarship’s namesake honors Robert O. Pare who served Centreville Bank for 55 years and was instrumental in its success. Previously the Robert O. Pare scholarship was awarded to two (2) students, but starting in 2024, three (3) recipients will each be awarded a $5,000 Robert O. Pare scholarship.  
In total, $45,000 will be awarded to nine (9) promising students that have exemplified behaviors that align with Centreville Bank’s commitment to bettering the communities it serves.  

“The expansion of the Centreville Bank scholarship program will increase our reach to additional students, allowing us to help more local high school seniors on their academic journey, while simultaneously rewarding their commitment to community,” said Senior Vice President of Community Development, Paola Fernandez.   

Applications and nominations for all scholarships are due April 12, 2024 and can be submitted electronically on Centreville Bank’s website.  

Recipients must be:

•    Graduating high school seniors
•    Graduating from a high school located in Rhode Island, or towns located in Windham County or New London County, CT.
•    Accepted to a college, university, or trade school for the Fall 2024 semester.  

Applications/nominations will be reviewed by a selection committee, and scholarship finalists will be presented to the Centreville Bank Charitable Foundation Board on May 8, 2024 for approval.  Scholarship recipients will be notified by June 1, 2024.   

About Centreville Bank

Founded in 1828 and headquartered in West Warwick, Rhode Island, Centreville Bank is a full-service mutual bank with over $2 billion in assets and 21 locations throughout Rhode Island and eastern Connecticut. Centreville understands the unique financial needs of individuals, families and businesses and offers a wide range of personal banking and commercial banking products and services including checking accounts, savings accounts, CDs, money market accounts, mortgages, business loans and more. Centreville is committed to its employees and the communities it serves, always striving to help people make progress and achieve their financial goals. That is progress on purpose. Visit centrevillebank.com, follow us on Facebook, LinkedIn and Instagram, or come into a branch or office to learn more.