Illinois Bankers Association accepting applications for scholarship program for aspiring bankers

SPRINGFIELD The Illinois Bankers Association is currently accepting applications for its annual scholarship program, aimed at promoting excellence in the field of banking and developing a vibrant talent pool of future banking leaders.


The Illinois Bankers Scholarship Fund awards scholarships in the amount of $1,000 to high school graduates or undergraduate college students who are planning to pursue a career in the field of banking. The scholarship awards are made possible through the generosity of Illinois banks and bankers who have donated to the Illinois Bankers Scholarship and the Linda J. Koch Scholarship funds.


“We are committed to supporting the next generation of banking leaders,” said Randy Hultgren, President and CEO of the Illinois Bankers Association. “These scholarships will help talented and motivated students achieve their academic and career goals while also contributing to the future success of the banking industry.”


To qualify for the scholarship, applicants must be high school graduates or undergraduate college students who are planning to pursue a career in the field of banking.


Applicants must also:

  • Be sponsored by an IBA member financial institution and an accompanying bank officer. Banks may sponsor more than one applicant 
  • Offer proof of enrollment or admission letter from a college or university; all accredited in-state and out-of-state colleges and universities are eligible
  • Provide GPA and school transcripts for use in the applications process


The deadline to submit a completed application is March 31. Interested students are encouraged to visit for more information and to apply for the scholarship.


About the Illinois Bankers Association

The Illinois Bankers Association is the voice of Illinois’ banking industry, dedicated to creating a positive business climate that benefits the entire banking industry and the communities they serve. Founded in 1891, the IBA brings together state and national banks and savings banks employing more than 105,000 people in nearly 4,500 offices across the state. The IBA is proud of its diverse membership, serving all sizes of financial institutions from the smallest community bank in the state to the largest national bank in the country.