FirstBank Mortgage has awarded $1,000 scholarships to 66 families as part of the Next Generation Mortgage Scholarship program. In all, $66,000 was awarded to families across Alabama, Georgia and Tennessee.
FirstBank mortgage bankers Sherri Boland, Chris Shoemake and Tom McNeill awarded a combined six scholarships to students in the Chattanooga area.
Customers who closed a mortgage loan with FirstBank Mortgage in 2017 were automatically entered in a random drawing for a $1,000 scholarship for a child, stepchild, adopted child or foster child living at home.
FirstBank Mortgage bankers drew one name for every 50 loans they closed.
“FirstBank Mortgage was created with community in mind, and the Next Generation Mortgage Scholarship is an example of our commitment to the future leaders in Chattanooga,” said Wib Evans, president of FirstBank Ventures. “Education is vital, and we take great pride in providing some financial assistance that will lighten families’ loads.”
The 2017 Chattanooga winners are:
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William Long
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Frank May
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Jeremy Morrow
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Joanna Rens
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David Phillips
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Jeremy Harmon
“FirstBank founder Jim Ayers is a huge advocate for education, and this program was his vision,” said Lee Townsend, director of Retail Mortgage Lending at FirstBank Mortgage. “It is extremely meaningful to Mr. Ayers and our entire FirstBank team to take our work beyond financial services and invest in students who wish to further their education.”
This year’s scholarship program is open to qualifying FirstBank Mortgage customers in Alabama, Georgia and Tennessee who close a mortgage between Jan. 1 and Dec. 31, 2018. They will be entered into the following year’s drawing.