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Alecia Vacca, Medway High School graduate, receives a $500 scholarship check from Jack Hamilton, President & CEO Charles River Bank.

Charles River Bank Presents Three Scholarships

July 22, 2010(MEDWAY, MA)

Promising students help build strong communities. This conviction held by Charles River Bank is demonstrated with the Bank’s annual scholarship award. Charles River Bank President & CEO Jack Hamilton recently presented scholarship awards to the 2010 recipients, Alecia Vacca, Lauren Boyce and Mary Saghbini. All students are 2009 Medway High School graduates who have successfully completed their first year of college.

In prior years there has only been one recipient of the $1,000 scholarship; but the scholarship committee felt these three students were equally deserving of the scholarship, so each received $500. To apply for the scholarship, students must work part-time at the Bank or participate as a teller in Charles River Bank’s School Banking Program where juniors and seniors are selected to work for school credit in the Medway High School branch.

There students learn about banking operations and regulations, financial services and marketing. Vacca, Boyce and Saghbini were student tellers for two years at the Bank’s educational branch facility, which is located in the lobby of Medway High School. In addition, all worked part-time at Charles River Bank’s Main Office branch during their senior year of high school.

Although Vacca, Boyce and Saghbini were selected for this scholarship in June 2009, in order to receive the scholarship funds, they were required to successfully complete their first semester at college, and be enrolled for second semester classes. Ms. Vacca completed her first year at Dean College and is enrolled in the Early Childhood Education program. Ms. Boyce finished her first year at Saint Anselm in the nursing program. Ms. Saghbini has finished her first year at Bridgewater State College in the Criminal Justice Program.

"We are proud to recognize these talented students who have strong academic records, are involved in their community and have made a positive contribution to the school banking program," stated Jack Hamilton, President & CEO of Charles River Bank. "Alecia, Lauren and Mary are delightful and worthy recipients. "

Charles River Bank was founded in 1915, and continues to offer a wide range of individual and business banking services. In addition to the educational branch office in Medway High School, Charles River Bank operates three full-service state of the art locations: 70 Main Street in Medway, MA; 2 South Maple Street in Bellingham; and a newly opened branch at 1 Hastings Street in Mendon. Charles River Bank continues to grow with more than $180 million in assets. The Bank is a member of the FDIC and the SIF, so all deposits are insured in full.

For further information, visit www.charlesriverbank.com or call 508.533.8661.