FCB/Synovus Bank makes $900,000 contribution to scholarship program
FEBRUARY 14, 2019 |
FCB/Synovus Bank, a top five regional bank by deposits in the Southeast, made a $900,000 contribution to Step Up For Students, a Florida-based nonprofit, which administers scholarships to lower-income schoolchildren.
FCB/Synovus Bank’s donation will fund scholarships for 134 Florida children, giving them the opportunity to attend the school that best meets their learning needs. Since partnering with
Step Up For Students, FCB/Synovus Bank has provided 1,206 scholarships.
City National Bank announced a $1.5 million contribution to Step Up For Students. Pictured (adults from left to right) are Step Up For Students Development Officer Renae Sweeney, Step Up For Students CFO Joe Pfountz, City National Bank Mortgage Banking Officer Eugene Simmons, City National Bank Mortgage Banking Officer MarLuis Pena, and Step Up For Students Vice President of Development Anne Francis. They are joined by students who are benefiting from the scholarship.
“FCB/Synovus Bank believes in giving back to the communities in which we live and work,” said Kent Ellert, Synovus Florida Division CEO . “We are proud to support Step Up For Students and help provide education opportunities for children in our community.”
Step Up For Students is a nonprofit organization that helps manage the income-based Florida Tax Credit Scholarship Program. The program is funded by corporations with tax-credited donations and allows parents and students to choose between a K-12 scholarship to support private school tuition and fees, or one that assists with transportation costs to out-of-county public schools.
“We are thrilled that FCB/Synovus Bank has once again committed to helping us provide educational choices for students who otherwise wouldn’t have the opportunity,” said Doug Tuthill, president of Step Up For Students. “We are grateful for their partnership and for all they are doing to give back to our community.”
For the 2018-19 school year, Step Up For Students is serving more than 98,500 students throughout Florida with tuition scholarships valued at up to $6,519 per student for kindergarten through fifth grade, $6,815 for sixth through eighth grade, and $7,111 for ninth through 12th grade. More than 1,800 private schools participate in the scholarship program statewide.
About Synovus/Florida Community Bank
Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $45 billion in assets, $37 billion in deposits, $35 billion in loans, and 300 branches in Georgia, Alabama, South Carolina, Tennessee, and Florida — including 51 former FCB branches in many of Florida’s highest-growth markets. Synovus is a top five regional bank by deposits in the Southeast, and provides commercial and retail banking, investment, and mortgage services through 249 branches in Georgia, Alabama, South Carolina, Florida, and Tennessee. Synovus Bank, a wholly owned subsidiary of Synovus, was named one of American Banker’s “Best Banks to Work For” in 2018 and has been recognized as one of the country’s 10 “Most Reputable Banks” by American Banker and the Reputation Institute for four consecutive years. Synovus is on the web at synovus.com, and on Twitter, Facebook, LinkedIn, and Instagram.
About Step Up For Students
Step Up For Students is a nonprofit organization that helps administer the income-based Florida Tax Credit Scholarship Program. Students who qualify for the national free or reduced-price lunch, or those who are homeless or in foster or out-of-home care, may qualify. The scholarship program provides tuition assistance to the private school of their parents’ choice or financial assistance to offset the transportation cost to an out-of-district public school. Since 2001, Step Up has awarded more than 680,000 scholarships.
A first-of-its-kind study on the long-term effects of the scholarship program by The Urban Institute found that students who use the scholarship four or more years are up to 43 percent more likely to go to college and up to 29 percent more likely to earn an associates degree than their peers.
Step Up also helps administer the state-funded Gardiner Scholarship for Florida students with certain special needs, plus two new scholarships, the Hope Scholarship for public school students who are bullied and the Reading Scholarship Accounts for third- through fifth-grade students enrolled in public school who struggle with reading.
For more information, visit: www.StepUpForStudents.org.