Peoples National Bank Donates $67,000 for Scholarships

February 24, 2010: For the seventh consecutive year, Peoples National Bank has made generous contributions to the Pre-School and K-12 Scholarship Programs administered by The Community Foundation of Susquehanna & Wyoming Counties. The Educational Improvement Tax Credit Program (EITC) gives businesses corporate tax credits for donations to support scholarships for low to moderate income families to assist with preschool through high school tuition and to support public school improvement projects.

"EITC allows the bank to bring our state tax dollars back to be spent on education in our local communities," explains Deb Dissinger, Executive Vice President of Peoples National Bank. "Improving education brings us another step closer to a better future in our corner of Pennsylvania."

The scholarship programs supported by companies like Peoples National Bank are helping struggling parents provide opportunities for their children through tuition assistance for pre-school education, elementary and high school private schools, career and technology education, dual-enrollment in college courses while in high school, and other educational programs. Peoples donated over $16,000 to the foundation's Pre-Kindergarten Scholarship program and $24,000 to the Kindergarten through 12th Grade Scholarship program. The bank has also generously provided $27,000 for an Educational Improvement Project, which this year is helping Susquehanna Community School District upgrade its Industrial Technology Program by providing funding to implement the engineering and design curriculum known as Project Lead the Way.

Peoples National Bank has by far been the most substantial supporter of these scholarships and public school projects, with these recent donations bringing the bank's total level of funding above $500,000, thus helping The Community Foundation provide over 1,000 scholarships to local children and their families. In previous years the bank also provided funding to renovate the Computer Lab at the Montrose Area High School.

Peter Quigg, President of The Community Foundation, states, "Peoples National Bank has provided tremendous support for these scholarships and for projects in our local schools. This ongoing assistance illustrates the interest and concern the bank's Directors and Administrators have for our communities, and their assistance is appreciated very much."

Peoples National Bank has 11 branches in Pennsylvania and New York: Hallstead, Susquehanna, Montrose, Hop Bottom, Nicholson, Glenburn, Tunkhannock and Meshoppen in Pennsylvania and Conklin, Binghamton and Deposit in New York. For more information please visit www.peoplesnatbank.com . For more information about Foundation activities please visit www.community-foundation.org .