VBA Bank Day Scholarship Program
Sponsored by the VBA Education Foundation & the VBA Emerging Bank Leaders

Conference/Seminar/School Monica McDearmon

The third Tuesday in March was declared Bank Day in Virginia by the Virginia General Assembly in 1991. On this day, Virginia high school seniors spend a day in banks across the Commonwealth shadowing a banker in their daily duties. The purpose of this experience is for the students to learn about banking, financial services, and the vital role banks play in their communities. 

VBA Bank Day will take place on March 16, 2021.

What is Bank Day?

The third Tuesday in March was declared Bank Day in Virginia by the Virginia General Assembly in 1991. On this day, Virginia high school seniors spend a day in banks across the Commonwealth shadowing a banker in their daily duties. The purpose of this program is for the students to learn about banking, financial services, and the vital role banks play in their communities. 

From their experience, the students are required to write an essay, and thirteen scholarships (six honorable mention, six regional and one statewide) are awarded on the basis of the essays. 

“My interactions with the bank are but one thread woven into the vast network of bank functions. Not merely a facility for lending and borrowing, banks are a hub for community growth. With small-business-friendly policies and generous lending programs, banks provide the stepping-stones for anyone to build their own financial success. They drive our economy without most of us even realizing it.” - Emily Carder, 2020 Statewide Winner

Congratulations to the 2020 Winners!

Congratulations to this year’s statewide winner: Emily Carder, Essex Bank!

As the statewide winner, Emily will receive a scholarship total of $7,500 from the VBA Education Foundation. Read her award winning essay here.

Congratulations to the 2020 Bank Day regional and honorable mention winners!

The following students had the winning regional essays and will receive $2,500. 

  • Capitol Regional Winner: Emily Carder, Douglas S. Freeman High School, Essex Bank
  • Central/Southside Regional Winner: Kelby Bartley, Rockbridge County High School, Bank of Botetourt
  • Eastern Virginia Regional Winner: Tanner Bailey, Frank W. Cox High School, Virginia Commonwealth Bank
  • Northern Virginia Regional Winner: Carter Armand, Kettle Run High School, Sonabank
  • Southwest Virginia Regional Winner: Payton Mullins, Abingdon High School, First Bank & Trust Co.
  • Valley Regional Winner: Taylor Moorman, Broadway High School, F&M Bank
An additional six, $1,000 honorable mention scholarships will be awarded, one in each of the regions. The following students were chosen as the honorable mention winners:
  • Capitol Honorable Mention Winner: Audrey Cruey, Madison County High School, Oak View National Bank
  • Central/Southside Honorable Mention Winner: Rebekah Honaker, Lord Botetourt High School, Bank of Botetourt
  • Eastern Virginia Honorable Mention Winner: Catherine Fremaux, Peninsula Catholic High School, Farmers Bank
  • Northern Virginia Honorable Mention Winner: Richard Aguilar, Westfield High School, Burke & Herbert Bank
  • Southwest Virginia Honorable Mention Winner: Mary Douglas, Union High School, New Peoples Bank
  • Valley Honorable Mention Winner: Rodge Reschini, Millbrook High School, United Bank

Interested in Learning More?

Bank Day Scholarship Program Seal 

We will hold an information Zoom meeting on December 4th at 10:00 a.m. for bankers to learn more about the 2021 program. Register for that meeting here. After registration, you will receive an email that contains the Zoom meeting information.

Student Participation Criteria

  • Currently enrolled as a high school senior in a Virginia high school
  • Cumulative GPA of 3.0 or higher
  • Resident of Virginia
  • Teacher/guidance counselor contact information provided by student

2020 Scholarship Amounts

$26,000 total will be awarded in 2021!

$1,000 Each for six honorable mention scholarships
$2,500 Each for six regional winners
$5,000 Statewide winner ($7,500 total since all candidates will also be regional winners)

Regions of Virginia image

2021 Deadlines & Important Dates

More information on the 2021 program will be announced later this year!