SOURCE: Acordia, Inc.

August 08, 2005 10:20 ET

Acordia Announces 2005 Scholarship Program Recipients

CHICAGO, IL -- (MARKET WIRE) -- August 8, 2005 -- Acordia, Inc. has announced the recipients of the seventh annual Acordia Scholarship Program -- designed for the dependants of Acordia associates who best exemplify the academic, community service and leadership qualities the organization admires and wishes to foster.

This year's winners of the 2005 Acordia Scholarship Program who have been awarded a four-year scholarship were:

--  Lindsay Renkel -- Colorado Springs, Colo.
--  Karina Castillo -- Miami, Fla.
--  Aubrey McClain -- Mechanicsburg, Penn.
--  Kenneth Smith -- Pikeville, Ky.
--  Natalie House -- Bloomington, Minn.
--  Justin Miller -- Cincinnati, Ohio
The Acordia Scholarship Program, established in 1999, encourages and helps fund the costs of higher education for the children of Acordia team members, particularly those who, without aid, would probably be unable to attend college.

"Education is one of the most important keys to success in life," said Kevin W. Conboy, President and Chief Executive Officer of Acordia, Inc. "We know that higher education is expensive -- and that costs are increasing every year. That is why we created The Acordia Scholarship Program. We believe that opportunity begins with education and are excited to help benefit children of Acordia team members in their efforts to continue their education."

To be eligible for The Acordia Scholarship Program, applicants were required to write an essay regarding the meaning of education in his or her life, provide high school transcripts, letters of recommendation and financial aid documentation.

The selection committee awards scholarships to entering freshman who best exemplify the academic, community service and leadership potential to become outstanding students. Judging criteria include financial assistance, scholastic achievement, extracurricular and community activities, demonstrated leadership, work experience and written communication skills.

"We received many outstanding applications for The Acordia Scholarship Program and are pleased to announce the recipients whose academic excellence, community involvement and leadership skills earned them the Acordia scholarship," said Peggy McGrane, Vice President, Human Resources. "We look forward to assisting other students in the years to come."

Each of the four-year college scholarships provides students with up to $10,000 per year with a maximum amount of $40,000 over four years. The funds can be used for tuition, room and board, and related expenses and is paid directly to each student's chosen college or university each semester. Students must maintain a 2.5/4.0 grade point average and demonstrate continuing good citizenship to qualify for years two, three and four.

Acordia and Wells Fargo

Acordia, Inc., headquartered in Chicago, Ill., is the world's fifth largest insurance brokerage and the largest bank-owned insurance brokerage in the U.S., with over 150 offices in 38 states. Its 4,500 insurance professionals place in excess of $8.5 billion of risk premiums with expertise in property, casualty, benefits, international, personal lines and life products. Acordia is also a member of HLA Global Network. HLA Global, a partnership between London-based Heath Lambert Group and Acordia, Inc., serves as the international arm of Acordia.

Acordia is a subsidiary of Wells Fargo & Company, a diversified financial services company with $436 billion in assets, providing banking, insurance, investments, mortgage and consumer finance to more than 23 million customers from more than 6,000 stores and the internet ( across North America and elsewhere internationally. Wells Fargo Bank, N.A. is the only bank in the United States to receive the highest possible credit rating, "Aaa," from Moody's Investors Service.

Contact Information

    Ellen M. Sievert
    Director of Communications
    Acordia, Inc.