Spencer Savings Bank Recognizes Elizabeth Students With Scholarships

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Spencer Savings Bank recognizes local students with scholarships for their outstanding academic achievements, dedication to the community, and educational goals. Pictured above is Jonel Colon, who attended Mabel G. Holmes #5 in Elizabeth. (Photo courtesy of Spencer Savings Bank)

Spencer Savings Bank recognizes local students with scholarships for their outstanding academic achievements, dedication to the community, and educational goals. Pictured above is Jonel Colon, who attended Mabel G. Holmes #5 in Elizabeth. (Photo courtesy of Spencer Savings Bank)

ELIZABETH – Two Elizabeth students recently won scholarships from Spencer Savings Bank, a community bank headquartered in Elmwood Park.

Yasin Mayes, who attended Alexander Hamilton Preparatory Academy, received a $1,000 scholarship and Jonel Colon, who attended Mabel G. Holmes #5, received a $500 Coverdell Education Savings Account (CESA) for the hard work they have shown throughout the entirety of their educational career and their dedication to the community’s growth and well-being.

Since the program was founded in 2002, Spencer Savings Bank has awarded a total of $248,000 in scholarships to youths in the communities it serves. This year, Spencer Savings Bank’s $22,500 scholarship fund was divided among 15 high school students and 15 middle school students located within the bank’s communities. The criteria assessed in determining the quality of the candidate consisted of the applicants’ academic record, history of community service and future interest in a career in business, finance or banking.

“Yasin and Jonel both demonstrated excellence in academic achievement and showed continuous dedication to our community,” said José B. Guerrero, president, chairman and CEO of Spencer Savings Bank. “We are proud to support the future goals of such deserving students through our scholarship program, as we are confident they will continue to contribute to and support our community for many years to come.”


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