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Scholarship Program

 
 
 
 

Scholarship Program

The ABC Bank Scholarship Program was established in 1990 to benefit local students who are pursuing higher education. This program represents the Bank's commitment to helping families afford advanced educational opportunities for their children who are enrolled in college full-time.

This is a continuation of a 23 year scholarship program that aggregates in excess of $165,000 in scholarship awards from the time of its inception.  This is just one way in which ABC Bank gives back to the communities we have served since 1891.

The purpose of the ABC Bank Scholarship Fund is to provide scholarship assistance to selected high school graduating seniors who reside in the Austin community located within the Bank's main branch.

We will start to accept applications for the 2013-2014 scholarship program, April 1, 2014.

Please submit this completed application including items listed below, to ABC Bank, 5645 West Lake Street, Chicago, IL 60644, Attention: Angela Preston.

ABC Bank Scholarship Application

Required materials include:

  • Completed application form
  • Scholarship Essay
 
 
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1Initial deposit of $10,000, which is currently not on deposit at ABC Bank, is required to open the account and earn the stated Annual Percentage Yield. Maximum deposit amount of $249,999.99 per household or business. 2APY is current as of November 24, 2014. Funds must remain on deposit for the full 24-month term to earn the stated APY. Interest is compounded and paid quarterly. Offer available to new accounts only. Fees may reduce earnings. Penalty may be imposed for early withdrawal. The CD will automatically renew at maturity at current rate. Offer may be withdrawn at any time.