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Scholarship Program assists East Detroit Students

(6/21/13) First State Bank continues its support of the community with a new scholarship program.

First State Bank Announces Scholarship Program for East Detroit Students

(St. Clair Shores, Michigan) (June 21, 2013) -
Founded in Eastpointe and Macomb County, First State Bank (FSB) reaffirmed its commitment to the community with the announcement of a new $10,000 scholarship program for East Detroit High School graduates. The First State Bank Scholarship was established in honor of the bank’s longstanding association with the city and residents of Eastpointe. The fund, donated to Macomb Community College Foundation, will provide ten (10) incoming students with scholarships of $1,000 each for the upcoming 2013 – 2014 academic year at Macomb Community College. The awards cover tuition, fees, books and other educational expenses. Students must be a East Detroit High School graduate, maintain a 2.5 grade point average and enrolled in a minimum of six (6) college credit hours.

The announcement, made during a check presentation at the annual Cruisin’ Gratiot car show, comes just weeks after a separate $1,000 scholarship gift was awarded. The annual scholarship – which dates back to the mid 1980’s – was given to a 2013 East Detroit High School graduating senior in May. “I am so pleased we are able to present to the students of East Detroit High School this scholarship opportunity,” said Eugene Lovell, president and CEO, First State Bank. “Our success as a business, and as a community, depends upon our youngest members growing and thriving in a complex, diverse economy. Macomb Community College understands this, and stands committed to help these students meet their educational needs.”

The establishment of the scholarship fund not only aligns with FSB’s mission to help families and businesses reach their goals, but also parallels the ideals of Macomb Community College. “Macomb Community College is deeply appreciative of First State Bank’s support in connecting residents to educational opportunities that will advance them into meaningful career pathways,” said James Jacobs, Ph.D., president, Macomb Community College. “We also applaud First State Bank for their leadership as a locally based business willing to make a tangible commitment to our community’s economic vitality by helping residents get the education necessary for success.”

First State Bank shares a long heritage with the city of Eastpointe, when in 1917, it opened its first branch in what was then known as the village of Halfway. With branches located within the city and continued support for multiple events, FSB still maintains a strong connection with Eastpointe. In addition to the scholarships, FSB hosted a book signing for Mayor/author Suzanne Pixley and her recently published book, Legendary Locals of Eastpointe.

First State Bank is headquartered in St. Clair Shores, Michigan. With 96 years of service and $582 million in assets, First State Bank serves Macomb County with 11 branch offices located in Chesterfield Township, Clinton Township, Eastpointe, Macomb Township, Richmond, St. Clair Shores, Sterling Heights, Washington Township, and Loan Centers in Sterling Heights and West Bloomfield. For more information, please visit www.thefsb.com or call 866-372-1275.

For more information, email foundation@macomb.edu, or apply online at www.macomb.edu.