Academic journal article ABA Banking Journal

Investing in Education

Academic journal article ABA Banking Journal

Investing in Education

Article excerpt

PROVIDING WAYS FOR our member bank employees to develop professionally and stay current on the newest trends in banking and the latest regulations impacting bank operations has always been a top priority for the California Bankers Association.

Earlier this year, we unveiled the CBA Scholarship Initiative to underscore our commitment to the professional development of CBA member bank employees, by providing up to $250,000-for this year--in scholarships to cover the expenses for a number of educational opportunities. The funds to operate this program are from the accumulated reserves of the CBA Group Insurance Trust program, which was a health benefits program the CBA previously administered on behalf of a number of participating member banks.

We officially launched the scholarship program in early March, and it has been well-received by our member banks. Any full-time employee of a CBA member bank who is employed in California is eligible to apply for scholarship funds to cover tuition for the full three years at the Pacific Coast Banking School or the ABA Stonier Graduate School of Banking, and tuition for college courses related to banking or finance offered by an accredited educational institution. Scholarship funds are also available to cover fees for select professional certificate programs and related preparation courses and materials, and for registration fees at two CBA educational programs: the Bank Secrecy Act/ anti-money laundering, and safety and soundness seminars.

We set a deadline of April 8 to receive applications for both banking schools. …

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