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Nyack News

M&T Bank Awards 2006 Scholarships

Posted by Deborah.Walker on Thursday August 10, 2006

(l-r) Nyack/ATS President Dr. Michael G. Scales, Nyack Assistant Treasurer Dona Schepens, Assistant Vice President of the M&T Bank Commercial Lending Group Jennifer Kooney, Rockland campus scholarship recipient Suzette Smith, Regional President M&T Bank Paula Mandell, and Administrative Vice President and Group Manager of M&T Bank, Ira Brown.

 


Officials from M&T Bank recently visited Nyack College to present its 2006 scholarships. Two sophomores, Suzette Smith, of the Rockland County campus and Elaine Leung, from the Manhattan campus, were awarded $500 each.

Since 2004, M&T Bank has donated a total of $15,000 to Nyack College, establishing the M&T Bank Minority Scholarship Endowment Fund. Along with their $1,000 gift this year, M&T Bank continues to grow the endowed M&T Scholarship Fund to benefit future Nyack students who have a minimum 3.0 grade point average and demonstrated leadership qualities. An endowment of $25,000 is M&Ts goal, in addition to the annual financial award for students until the earnings from the endowment fund the scholarships. The move to establish the endowment is a demonstration of M&T Banks commitment to invest in students with promise. This principle aligns with the colleges core value to be intentionally diverseproviding educational access and support to motivated students from diverse socioeconomic backgrounds.

M&T Bank officials, Paula Mandell, Regional President; Ira Brown, Administrative Vice President and Commercial Lending Group Manager and Jennifer Kooney, Assistant Vice President in M&Ts Commercial Lending Group, were joined by Nyacks new president, Dr. Michael G. Scales and Assistant Treasurer Dona Schepens to make the presentation.

With a long history of collaborating with educational institutions and community-based organizations, M&T Bank is among the 20 largest bank holding companies in the nation. Nyack has enjoyed a relationship with M&T Bank for nearly a dozen years.

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