Community Investments
Volume 10; No. 4; Fall 1998
Second Century Scholars Program:
Bank of Hawaii's Community Development Investment in Hawaii's Youth
One hundred high school students in Hawaii may herald the new millenium
as the first members of their families to attend college. This promising
group is participating in an innovative, $4 million educational program
established last December by Bank of Hawaii.
The students chosen for the Second Century Scholars Program attend Hawaii"s
public and private high schools; they must also be members of low or moderate-income
families and must be the first in their immediate family to attend college.
Of the 350 students nominated by local teachers and counselors, 100 were
selected by a panel of representatives from Hawaii"s premiere universities
to participate in the program.
Under the program, selected students must maintain a high level of academic
performance throughout high school. Upon graduation and acceptance to
the college of their choice, the Second Century Scholars Program will
award each student $10,000 for each year of their four years of undergraduate
course work.
In addition to financial assistance, the Second Century Scholars Program
provides a supportive network upon which the students may rely throughout
their high school and college years. The support services offered by the
staff of Hawaiian high schools, Bank of Hawaii and community resource
groups add a personal dimension to the program which reinforces the primary
goal of graduation from both high school and college. The network includes
mentors from Bank of Hawaii who are personally available to students to
answer their questions, link them with community resources or simply provide
moral support and encouragement.
The program includes a full complement of resources for the college-bound,
including:
- Bank of Hawaii staff and student mentoring relationships;
- Preparation for college entrance exams;
- College selection and application assistance;
- Tutoring services;
- Big Brothers/Big Sisters support services for students and their families;
- Frequent tracking of student progress during and after high school.
Students are encouraged to make use of these support services throughout
their college years as well.
“We see this program as an investment in Hawaii’s future,” said Bank
of Hawaii"s Chairman and Chief Executive Officer, Lawrence M. Johnson.
“Through the Second Century Scholars Program, Bank of Hawaii is demonstrating
its commitment to Hawaii"s children and youth, those who will build our
community"s success in the next hundred years.” CI
CRA Links
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Lending Test
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Bank of Hawaii will receive
Lending Test credit to the extent it:
a) provides student loans to supplement the scholarship contribution
and,
b) elects to have its student loan portfolio reviewed as part of its
CRA examination. |
Service Test
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| Bank of Hawaii will receive
CRA Service Test credit to the extent it provides one-on-one financial
management and financial career development workshops throughout its
mentoring program. |
Investment Test
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| Bank of Hawaii will receive
CRA Investment Test credit for providing $4 million in scholarships
for low- and moderate-income students. |
For more information about this program at Bank of Hawaii, contact
Linda Lewis at (808) 537-8812 or Debbie Staton at (808) 537-8020.
 
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