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FLNB announces creation of South Liberty County Scholarship Trust

First Liberty National Bank recently announced creation of the South Liberty County Scholarship Trust. That’s a combination of the assets of the Richard C. and Esther Bellamy Educational Trust and the Paul Daniels Scholarship Trust.  The trust department of the bank has served as the trustee of these two very popular scholarship trusts since their inception. Combined, the two trusts have awarded a total of more than $2.9 million in scholarships over the years.  Trust department officials with First Liberty National bank said this consolidation will reduce the administrative costs as well as significantly increase the number of students that can benefit. The new trust was established to continue to benefit the local schools consisting of Liberty High School, Dayton High School, Hardin High School and Hull-Daisetta High School.  Charles McGuire, Chairman of the FLNB Board and Trust Officer at the bank, said the trust department realized that the scholarship environment as well as student opportunities has changed since the inception of these two trusts. This new trust combination format will better suit the current needs of area students.  Scholarships awarded in the past have focused exclusively on assisting students attending four-year colleges or universities, but now the trust department recognizes the tremendous demand from local industries for graduates of community colleges that provide certification in specific fields.  The bank has consulted with administrators from the local high schools as well as those from Lee College, which maintains campuses in Baytown and Liberty, to determine how best to foster the post-secondary education in our area.  One such program that exists today is the possibility for area seniors to obtain credit for college level courses while in high school that count toward a four-year degree, and those courses can be attended at the Lee College campus located in Liberty at a fraction of the cost compared to the costs of attending a major university. Although scholarships to four-year programs will still be granted, the number of beneficiaries of this new trust will increase significantly. Each year, the bank will determine the total amount of scholarships to be awarded and work in conjunction with area schools in making the awards.  As in the past, the bank will serve as the trustee for the new trust and, in addition, the bank can now accept donations to the South Liberty County Scholarship Trust which will help preserve the trust balance for generations to come. Interested students and parents should contact their respective high school counselor’s office for more information.

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