The Community Bank of the Chesapeake (CBTC) presented $20,000 to the College of Southern Maryland (CSM) Foundation July 26 as part of the bank’s five-year pledge to fund an endowment fund and an annual scholarship fund to support credit and workforce development students.
“Our ongoing support of the College of Southern Maryland is unwavering,” said CBTC Chief Operating Officer Jim Di Misa of the bank’s commitment to CSM and its students. Di Misa also serves on the CSM Board of Trustees and is the trustee representative to the CSM Foundation. “We value the educational opportunities this partnership brings to the students and families in our community,” he added.
Headquartered in Waldorf, CBTC is a full-service commercial bank serving all of Southern Maryland, with assets of more than $1 billion. Community Bank began its pledge to CSM in 2016 as part of the college’s “Make An Impact” campaign, and the college marked the gift by naming a conference room (Room 202) in the Business Building (BU) at the La Plata Campus and the lobby in the Center for Trades and Energy Training at the Regional Hughesville Campus in the bank’s honor.
Scholarships funded by CBTC are distributed by the CSM Foundation. To be eligible, a credit student must reside in Calvert, Charles or St. Mary’s county, possess a high school diploma or equivalent, have and maintain at 2.5 cumulative grade point average and be studying in the field of business administration. Workforce Development students must reside in the tri-county area, have a high school diploma or its equivalent and be enrolled in a career development program. Preference will be given to students who demonstrate financial need.