SOURCE: TAB Bank

TAB Bank

May 21, 2012 11:30 ET

TAB Bank Partnership With Applied Technology Colleges Provides Scholarships to Low to Moderate Income Students

OGDEN, UT--(Marketwire - May 21, 2012) - TAB Bank has long partnered with non-profit organizations locally in Utah for the purpose of providing financial assistance and other resources. Two such organizations that TAB has partnered with for this purpose are the Davis Applied Technology College in Kaysville, UT and the Ogden-Weber Applied Technology College in Ogden, UT.

Each of these institutions offers technical education in many high-demand fields. They rely on generous donors such as TAB Bank to fund scholarship and other programs so that students can complete their education and training programs. TAB has been a partner of both schools since 2002 in providing funding for scholarship programs for low to moderate income students.

"TAB Bank has been extremely generous in donating scholarship monies to be used by students who want to attend Davis Applied Technology College. This is critically important, as 71% of the students at the DATC have resources in the very low to moderate income range. Receiving a scholarship can make all the difference in a student's ability to stay in school and learn up-to-date technical skills required by industry. The partnership between TAB Bank and the DATC strengthens services to deserving students. Currently, five students are completing programs in Pharmacy Technician, Medical Office, Firefighting, American Sign Language, and Welding Technology -- all funded by TAB Bank," stated JoAnn Matern, Director of Special Projects and Contracts at the Davis Applied Technology College.

Karen Thurber, Development Director at the Ogden-Weber Applied Technology College, stated the following: "Scholarship assistance fills an essential need for low to moderate income students who otherwise would continue to work, often while raising families. The OWATC Foundation strongly believes that job training is the most efficient long-term solution to poverty. Providing even one low-income student the opportunity to earn a training credential can raise a family out of poverty for generations."

She continues, "To date, the generosity of TAB Bank has assisted 48 tech college students. According to the Census, a Weber County resident who earns a training credential will increase his or her income by an average of $1,000 a month. Therefore, the economic impact of TAB's contributions for scholarships has resulted in a return-on-investment of just under $2 million for the state of Utah. But even more important is the lives TAB has touched through its generosity. As one student stated, 'This scholarship will give me new opportunities to grow, including advancement and new challenges where I now work. I will be using my education to better myself and those around me.'"

To learn more about the DATC visit www.datc.edu. To learn more about the OWATC visit www.owatc.edu.

About TAB Bank

TAB Bank was established in 1998 in Ogden, Utah. Originally formed to provide financial services to the transportation industry, today TAB provides working capital facilities to a variety of business sectors while continuing to build on success within the transportation industry. TAB Bank does this through Accounts Receivable Financing, Lines of Credit, Equipment Loans, Asset Based Loans, Business Accounts, and Commercial Banking Services.

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