SBMCF Announces 2010 Scholarship Awards

September 14, 2010 -

SBM Charitable Foundation Announces 2010 Scholarship Awards


Manchester, CT (August 26, 2010)…The SBM Charitable Foundation has announced its 2010-2011 college scholarship winners. One hundred three scholarships to undergraduate and graduate school students were awarded totaling $200,000. The students represent fifteen Connecticut colleges and universities and reside in 34 north central Connecticut cities and towns. Close to 40% of the students will attend the University of Connecticut, followed by Central Connecticut State University, University of Hartford, Eastern Connecticut State University and Saint Joseph College. 


The SBMCF college Scholarship Program began in 1996 when the former Savings Bank of Manchester initially awarded its first three scholarships. Today the Foundation serves as the Bank’s legacy to the communities SBM once served. The SBMCF Scholarship Program is eligible to students who live in Hartford, Tolland, or Windham County, and who attend accredited colleges in Connecticut. The Foundation received 333 applications this year. Scholarships are renewable each year of a student’s college career if they continue to meet the eligibility requirements set by the Foundation, which has now awarded over 500 scholarships, totaling more than $1.3 million.


In announcing the award recipients, Executive Director Doreen Downham commented, “As the cost of a college education continues to rise, we are pleased to help students attain the college degrees that will make such a difference in their lives.  It is our hope that they will continue to live in Connecticut after graduation, join the local workforce, and improve the quality of life for themselves, our citizens and our communities.”


The SBM Charitable Foundation, Inc. was established in 2000 by Connecticut Bancshares, Inc., the parent company of the former Saving Bank of Manchester. The Foundation’s mission, perpetuating the vision of the former Bank, is committed to bettering the lives of those who live and work predominantly East of the River in Hartford, Tolland, and Windham Counties. Priority categories for funding include health, human services, education, housing, and the arts.  Since its founding, the Foundation’s philanthropy has exceeded $14 million. The SBM Charitable Foundation is located at 935 Main Street in downtown Manchester. For more information visit the website at .