The State Bank of Toulon is offering a scholarship competition that enables Illinois high school seniors to enter a statewide essay-writing contest.

The State Bank of Toulon is offering a scholarship competition that enables Illinois high school seniors to enter a statewide essay-writing contest.  

The scholarship competition is part of a program sponsored by Illinois Community Banks and the CBAI Foundation for Community Banking to increase public awareness of locally-owned banks and their contributions to the community.

The State Bank of Toulon is a member of the Community Bankers Association of Illinois (CBAI), which formed the Foundation in 1996. A monetary award of $1,000 per year for up to four years of higher education will be given to the author of the best essay submitted to the CBAI Foundation by a participating Illinois high school senior. Up to 11 additional first place $1,000 awards and 12 second place $500 awards are available throughout the state. An additional $500 will be awarded to the high school of the overall winner.

The State Bank of Toulon is also offering scholarships to the top three local essay winners — first place receives $750, second place $500 and third place $250. The same entries sent to the state competition will be judged locally.

The bank is working with local high schools to invite seniors to submit one-paragraph entries on each topic concerning the impact/importance of community banking on themselves or someone they know, the impact/importance of community banking to a business or agricultural concern in their area, and the impact/importance of community banking to their community in general.

Information on the contest is available at the State Bank of Toulon, Galva Banking Center and Kewanee Banking Center or by calling Nichelle Morey at (309) 852-3366.  

Applications will also be available at Kewanee, Wethersfield, Galva and Stark County high schools; entries must be submitted to one of the bank locations by Feb. 2, 2018. The bank will then submit selected entries to the CBAI Foundation to eligible for statewide competition.

Based in Springfield, CBAI is a professional trade association that represents approximately 330 Illinois-chartered banks and thrifts throughout Illinois.