Howard Bank Funds Educational Projects For Local Causes
Howard Bank, the county’s only locally owned and managed community bank, has donated $1,500 to the Carson Scholars Fund for a scholarship for a Howard County Public School student and another $4,000 to the University of Maryland Baltimore Foundation to fund a public interest fellowship in Howard County during the summer of 2007.
“The University of Maryland fellowship will allow a law school student to get paid for spending a summer working for a Howard County nonprofit,” said Howard Bank President and CEO Mary Ann Scully. “The fellowship will bring an out-of-county grant provider here. We hope when other county businesses see this being done, they’ll do the same thing. We’re hoping to inspire others.
“The Carson Scholarship is a wonderful cause. It ensures that children and young adults have access to education. And children in Howard County deserve that access as much as children in more distressed communities. We are consistently trying to reinforce the fabric of this wonderful community in which we are privileged to live and work. ”
The Carson Scholarship Fund was founded in 1994 by Johns Hopkins pediatric neurosurgeon Benjamin Carson and his wife, Candy, to recognize and reward students in grades 4-11 who strive for academic excellence (3.75 GPA or higher) and demonstrate a strong commitment to their community
Strictly merit-based, the scholarships are awarded without regard to race, creed, religion or financial need. Scholarships are awarded for attendance at four-year colleges and universities upon the student's graduation from high school.
Since it began, the Fund has awarded more than 2,250 scholarships.
In the past, Scully says, “A number of organizations outside Howard County have reached out to us — they know corporate philanthropy is one of our core values. Going forward, we want to focus on Howard County and strengthening this community.”
The Carson Scholarship and the University of Baltimore Foundation were a “good theme,” Scully says. “They allowed us to strengthen Howard County and encourage others to focus some resources here.”
Howard Bank recently won a Howard County Economic Development Authority’s 2006 Economic Development Achievement Award for making a significant impact on Howard County during its two-year history. In addition, the bank was named one of SmartCEO magazine’s “Future 50”companies, which were cited for entrepreneurship and high revenue growth.
Howard Bank has branches in Columbia’s Hickory Ridge Village Center, on Snowden River Parkway in Ellicott City, and in the new Maple Lawn Farms area of Fulton. In early 2007, it will open a branch on Route 40 near Centennial Lane.