Independence Bank proudly plays a small part in the journey of our community’s next generation of leaders and contributors. Since 2001, more than $1.7 million dollars has been awarded to high school seniors in Kentucky.

The Independence Bank Scholarship Program began as a dream of the late Charles A. Reid, founding partner and father of current Chairman, Chris Reid. Before his death in 2001, Charles requested that the scholarship program be built to help provide funding for deserving high school students in need to have the opportunity to receive continued education. The very first scholarship given was in the amount of $10,000. The cumulative total has now grown to seven figures! These dollars are awarded to high school seniors to help make their dreams of a college education come true.

In 2023, 425 scholarship applications were received and reviewed across the Bank’s 15 county footprint. Applicants were scored based on a submitted essay, high school grades, ACT scores, financial need, extracurricular activities, community involvement and personal interviews. 68 students collectively received nearly $130,000 in scholarships last year to begin their post-secondary education. Independence Bank holds an annual reception to congratulate and celebrate them.

“These are our communities’ next generation of leaders, contributors and change makers,” Chris Reid, Independence Bank Chairman stated. “For more than two decades, this scholarship program has provided money to standout students. It is incredibly humbling, yet rewarding, to hear and read through the stories of success, struggle, strength and sincerity that surface throughout this process. We applaud their efforts and hope that these allocations ease some budgetary burdens.”

Last year, Greg Burton, Independence Bank President, presented checks to two deserving locals. Frankfort High School senior student Rebecca Vaught was awarded $1,776 from the Franklin County Community Board Scholarship. Western Hills High School senior student Olivia Barker received $1,000 as a Charles A. Reid Finalist – $500 from the Ernie and Martine Davis scholarship and $500 from the Maurice E. Reisz scholarship.

“Several of our board members put money in the pot out of their own pockets,” Reid added. “Over the years, we’ve seen prior winners obtain their degrees and launch successful careers. It is always extra special when they choose to stay in the Commonwealth. This is a legacy that makes a lasting impression. It’s in our history, our hearts and our commitment hereafter.”

Independence Bank scholarship recipients can be found advancing agriculture businesses, devoting their talents to the healthcare industry, starting their own small businesses and exploring many avenues in between.

If you would like to learn more about the program and its history, please visit us online at 1776bank.com/scholarships

We invite you to stop in to see us at either of our Frankfort locations today at 450 Versailles Road or 1228 U.S. Highway 127 South.

Originally Published the Frankfort State Journal Progress Edition, First Quarter 2024