SBM Charitable Foundation Announces 2014 Scholars

July 24, 2014 -

Manchester, CT (July 21, 2014)... The SBM Charitable Foundation (“SBMCF”) recently awarded 118 college scholarships, totaling $210,000.00 to area students, and celebrated at its annual Scholarship Reception held on June 10, 2014.  In total there were 42 new recipients, and 76 returning awardees, of which 9 are graduate students.  The students, residing in 40 Connecticut cities and towns, will be enrolled in 18 Connecticut colleges and universities beginning with the fall 2014 semester. 


The “SBM” Scholarship Program began in 1996 and was initiated by the former Savings Bank of Manchester.  The SBMCF program, which has continued since the Bank’s acquisition, has awarded $1,856,850 in scholarships since 2004.  SBMCF scholarships are available to students who reside in Hartford, Tolland, or Windham counties, and who will be attending accredited colleges and universities in Connecticut.  Other eligibility requirements are listed on the application that is accessible on the SBMCF website at  As long as a student continues to meet SBMCF requirements, his/her scholarship is renewable each year of the student’s college and graduate school career.


In his welcoming remarks to the 2014 SBMCF scholarship recipients who celebrated at the reception at the Manchester Elks Club, Laurence P. Rubinow, Chairman of the Board of the Foundation stated: "All of you, because of your hard work, perseverance and intelligence, have earned scholarships to college.  We join your parents, family and friends in applauding your accomplishments."


The SBMCF was founded in 2000 by Connecticut BancShares, Inc., the parent company of the former Savings 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 Connecticut River in Hartford, Tolland, and Windham Counties.  Priority funding categories are Health, Human Services, Education, Housing, and the Arts, with an emphasis on basic needs and education enrichment.  Since its inception the SBMCF’s philanthropy has reached nearly $20 million in total grants and scholarships.  The Foundation is located at 935 Main Street in downtown Manchester.