The Community Bank of the Chesapeake has presented $100,000 to the College of Southern Maryland Foundation as part of a five-year pledge of funding for a permanent endowment fund and an annual scholarship fund that supports both credit and workforce development students at the college.
The college will recognize Community Bank's 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.
Presenting the check were William Pasenelli, chief executive officer of CBTC; Gregory Cockerham, executive vice president and chief lending officer at the bank; and James Di Misa, executive vice president chief operating officer at the bank. Cockerham is a director emeritus of the CSM Foundation board; Di Misa is a current member of the foundation's board.
Headquartered in Waldorf, Community Bank of the Chesapeake is a full-service commercial bank, with assets over $1 billion. Through its 12 banking centers and five dedicated commercial lending centers, Community Bank of the Chesapeake offers a broad range of financial products and services to individuals and businesses.
The bank has a longstanding record of supporting CSM.
“We are honored to continue our longstanding support of the College of Southern Maryland. Working with the college for over 30 years, Community Bank aims to help provide financial resources that serve the need for student and workforce development in the Southern Maryland area. We value the educational opportunities this partnership brings to the students and families in our community and hope that this donation can help the college in their continued efforts for academic outreach,” Cockerham said.
Scholarships will be 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. Non-credit student must reside in the tri-county area, have a high school diplomas or its equivalent and be enrolled in a career development program. Preference will be given to students who demonstrate financial need.
For more information about giving opportunities, contact Chelsea Brown in the Development Department at 301-934-7649 or cbrown1@csmd.edu.
The CSM Foundation has launched a transformative three-year outreach and fundraising effort that will culminate in 2018 with the college's 60th anniversary. “Make Your Impact: Invest Today to Transform Tomorrow” addresses access, affordability and achievement by ensuring that degree programs and career training are available to everyone through scholarships, that high caliber programs, facilities and technology are accessible, and that strategic partnerships and innovation are created and sustained in the community. For information visit http://foundation.csmd.edu.