Chicopee Savings Bank Charitable Foundation recently pledged to establish an endowed scholarship available to undergraduate students at Western New England University. With a commitment of $50,000, a scholarship of $2,000 will be available annually beginning in the 2018-2019 academic year.
As a regional champion of education, the Chicopee Savings Bank Charitable Foundation created the scholarship to support students in local communities. The scholarship will provide financial assistance to inbound students in pursuit of higher education who demonstrate exemplary scholastic achievement, drive, and integrity, and who meet the following criteria:
- A US citizen and resident of one of the following cities/towns located in Massachusetts: Agawam, Chicopee, Holyoke, Ludlow, South Hadley, Springfield, Ware, West Springfield or Westfield;
- Demonstrate financial need; and
- Is an incoming freshman with a high school GPA of 3.5 or higher, or a transfer or returning student with a cumulative GPA of 3.5 or higher.
The scholarship is renewable each year the recipient continues to meet the criteria.
“Scholarship aid is among the highest funding priorities at Western New England University and we are thrilled to have this new award established by our neighbors and friends at the Chicopee Savings Bank Charitable Foundation”, says Dr. Anthony S. Caprio, president of Western New England University. Providing financial assistance helps ensure that students are able to concentrate on their studies and focus on their futures more clearly.
In April 2016 it was announced that Chicopee Savings Bank would merge with Westfield Bank to form the largest bank headquartered in Hampden County. The move continued a trend of bank mergers driven by technology needs and drive for market share. Both banks now do business under the Westfield Bank name. The Chicopee Savings Bank Charitable Foundation remains in place with its original philanthropic mission.
