Background & Purpose

CBAI established the Foundation for Community Banking in 1996 in furtherance of its mission to professionally serve and support member banks through every available channel, and to promote the community banking philosophy. The Foundation is also intended to increase public awareness of community banks and their contributions.

The Foundation has established annual scholarships for high-school seniors to help deserving students further their educations. Scholarships are available for at-large Illinois high-school seniors. It costs CBAI member banks nothing to sponsor these students. Scholarships are also available for the children and grandchildren of community bankers and for part-time bank employees. 

With college tuition rising every year, these statewide scholarships have helped young adults to further their educations since 1987. Donations to the CBAI Foundation are totally tax-deductible and may be made over a period of years.

Since its inception, the CBAI Annual Scholarship Program has distributed more than nearly $400,000 to over 200 appreciative Illinois high school students. In the process, they have learned more about the important roles that community banks play in their lives.

Bronze $ 2,500 - $ 4,999
Silver $ 5,000 - $ 9,999
Gold $10,000 - $24,999
Platinum $25,000 - $49,999
Diamond $50,000 - $99,999
Presidential $100,000+

For a full brochure about all scholarships, please click here.