CBT Bank Pledges $30,000 for Open Doors Scholarship

Chancellor M. Scott McBride recently accepted a $30,000 pledge from representatives from CBT/Riverview Bank to establish an Open Doors Scholarship. Pictured, left to right, are William Wood, CBT Bank; McBride; Judy Mitchell, and Michael Bibak, both with CBT Bank. (Provided photo)

DUBOIS – CBT Bank, a division of Riverview Bank, has established an Open Doors Scholarship at Penn State DuBois.

Taking advantage of this unprecedented 2:1 matching opportunity, CBT Bank has pledged $30,000 to create the scholarship, which will be matched with $60,000 from Penn State, creating a $90,000 endowment.

The Open Doors Scholarship Program runs in its current form through June 30, offering the 2:1 match to donors who make a minimum $30,000 pledge, payable over five years, to establish a scholarship.

Donors can also choose to donate any amount above $30,000, which the University will continue to match at 2:1.

CBT Bank has supported Penn State DuBois for more than 30 years, making contributions totaling over $90,000 in support of scholarships, as well as facility projects, including the construction of the DuBois Educational Foundation Building.

Each year, the bank contributes to the CBT Bank Scholarship at Penn State DuBois, which provides recognition and financial assistance to outstanding undergraduate students enrolled or planning to enroll at Penn State DuBois who have superior academic records and a need for funds to help cover their college expenses.

For more information on the Open Doors Scholarship Program, and all giving at Penn State DuBois, contact Director of Development Jean Wolf, at 814-372-3038 or jaw57@psu.edu Or visit http://dubois.psu.edu/open-doors-scholarship-program.

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