It’s no secret that the expense of going to college is a serious issue for most families. TexasBank recently announced that it had donated money for scholarships that will benefit local students at two different levels.

This year, TexasBank is splitting $50,000 of scholarship money between Howard Payne University, which will receive $25,000, and 12 area high schools that will split the other $25,000. According to TexasBank CEO C. Norman Tinkler, the scholarships are designed to be awarded in the coming year and will benefit local high school graduates as well as current and incoming HPU students who are from Brown and the surrounding counties.

“The HPU scholarship is designed to benefit high school graduates from Brown, Mills, Comanche and San Saba counties,” Tinkler said. “Our reasoning was to help offset the high cost of a private institution with some additional aid. Howard Payne is an excellent university and we’re very happy to be helping some students the opportunity to pursue a Howard Payne University degree.

“Through this generous gift, TexasBank will help many students from our area attend HPU,” HPU President Dr. Lanny Hall said. “The bank’s commitment is a great source of encouragement to those of us at HPU as well as a vital reminder of TexasBank’s on-going investment in the Heart of Texas area.”

High schools that will be participating in the program are located in Bangs, Blanket, Brookesmith, Brownwood, Early, May, Zephyr, Sidney, Comanche, Stephenville, Dublin and Gustine, all of which are located in TexasBank’s service area.

“The high school awards are at the discretion of their individual selection committees. We have no particular influence. The scholarships are available for higher education institutions or post-secondary such as TSTC or vocational schools,” Tinkler said. “We firmly believe education is very important and it is our desire to help those deserving students to make sure they have every opportunity to attend school.”

TexasBank Chairman Bill Blagg said that the bank realizes the importance of developing young people, and the important role that higher education can play in their lives.

“TexasBank is delighted and proud to make these scholarships available. We are convinced that supporting the education of our children is the best investment we can make for the future,” he said. “The communities in which we operate have been very good to us, and the bank is committed to giving back and being involved, now and into the future.”

Tinkler agreed.

“It is our corporate responsibility to help the communities where we do business to give something back and what a better way than to help our young people,” he said.

TexasBank, based in Brownwood with four locations, also has banking centers at Lake Brownwood, Bangs, Comanche, Dublin and Stephenville.