Dime News

Dime Bank Awards Scholarships to Ten Local Students

News Release - June 23, 2008

Dime Bank recently honored high school graduates from ten area schools. At the bank’s annual reception the students were recognized for their accomplishments and awarded $2,000 scholarships.

In 1995, Dime Bank instituted its scholarship program to provide financial assistance to students in its market area. The award was created to help deserving students attain a college education and recognize them for their achievements. The annual awards are based on academic excellence, community involvement, extracurricular activities and financial need. It is one of many ways Dime Bank invests in the communities it serves.

The 2008 Scholarship recipients include:

Back row standing left to right: Danny Abdeen, graduate of East Lyme High School, Nicole Phillips, graduate of Griswold High School, Erin Berdensey, graduate of Ledyard High School, Olin Nelson, graduate of Montville High School, Joseph Sindelar, graduate of Norwich Regional Technical School, Cheryl Calderado –HR Manager of Dime Bank

Front row standing left to right: Jim Cronin – CEO of Dime Bank, Ashley Welch, graduate of New London High School, Ashley Trebisacci, graduate of Westerly High School, Jessica Malboeuf, graduate of Academy of the Holy Family, Merlynda Sol, graduate of Norwich Free Academy, Christina Sanchez, graduate of Saint Bernard

CEO, Jim Cronin surprised the recipients and their families with a $2,000 scholarship award which is double what the recipients had originally applied for. “In recognition of the significant cost of college, we felt the increase was needed.  Each year we get the pleasure of awarding and honoring tomorrow’s leaders and their families. We are proud to support continuing education and look forward to many more years to come,” says Cronin.

About Dime Bank

Dime Bank is a $660 million, mutual institution that was established in 1869 and has been committed to the needs of its neighbors and friends for 138 years with nine branches in Connecticut and one branch in Westerly, Rhode Island.  In 2007, Dime Bank and its Foundation have donated more than $1.1 million to more than 290 local organizations.

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