November 28, 2016
Leilani Matasaua Pimentel
In Young Park
Bank of Hope
APIASF and Bank of Hope Announce $150,000 Funding for College Scholarship Opportunities
Partnership Will Provide 52 Scholarships to Eligible Asian-American and Pacific Islander Students for the 2017-2018 Academic Year
WASHINGTON, D.C. (November 28, 2016) - The Asian & Pacific Islander American Scholarship Fund (APIASF), the nation's largest non-profit provider of college scholarships to Asian Americans and Pacific Islanders (AAPIs), and Bank of Hope, the largest Korean American bank in the nation, today jointly announced $150,000 funding for scholarships to selected college-bound students enrolling for the 2017-2018 academic year as described below. The APIASF/Bank of Hope scholarship will be awarded to 52 students in the amount of $2,500 each.
"As a first and only super regional Korean-American bank in the United States, Bank of Hope continues to support education in the communities where we operate and has distributed more than $1.6 million in scholarships to date through our Bank of Hope Scholarship Foundation," said Kevin Kim, Chairman and CEO of Bank of Hope. "We believe APIASF's leadership position and established distribution channels will continue to expand our efforts in assisting students that need help the most. We look forward to the continued partnership with APIASF for the betterment of our communities."
For over ten years, APIASF has provided a critical bridge to higher education by distributing over $100 million in scholarships to AAPI students. APIASF has supported students from cities in all 50 states, the U.S. Territories and the Freely Associated States, who represent all 48 ethnicities within the AAPI community. More than 50 percent of APIASF's scholarship recipients are the first in their families to attend college and nearly 70 percent come from families with incomes of $30,000 or less.
"Bank of Hope's ongoing support of APIASF is making a significant difference for some of the nation's most underserved students," said APIASF President & Executive Director Neil Horikoshi. "With many AAPI students facing financial barriers in the pursuit of higher education, these scholarship opportunities have the potential to be life-changing."
To be eligible for the APIASF/Bank of Hope scholarship, applicants must be of Asian American and/or Pacific Islander ethnicity as defined by the U.S. Census; be a citizen, national, or legal permanent resident of the United States; be enrolling in a U.S. accredited college or university in the Fall of 2017 as a freshman; have a minimum cumulative GPA of 3.0 on a 4.0 scale (unweighted) or have earned a GED; apply for federal financial aid using the Free Application for Federal Student Aid (FAFSA); must demonstrate financial need and qualify based on income restrictions and limitations; submit one letter of recommendation online; and reside in one of the following counties:
Alameda County, CA; Contra Costa County, CA; Los Angeles County, CA; Marin, CA; Orange County, CA; San Bernardino County, CA; Santa Clara County, CA; San Diego County, CA; San Francisco, CA; San Mateo County , CA; Riverside County, CA; Bronx County, NY, Kings County, NY; Nassau County, NY; New York County, NY; Putnam County, NY; Queens County, NY; Richmond County, NY; Rockland County, NY; Suffolk County, NY; Westchester County, NY; Bergen County, NJ; Essex County, NJ; Hudson County, NJ; Hunterdon County, NJ; Middlesex County, NJ; Fairfax County, VA; Cook County, IL; DeKalb County, IL; DuPage County, IL; Grundy County, IL; Kane County, IL; Kendal County, IL; Lake County, IL; McHenry County, IL; Will County, IL; King County, WA; Pierce County, WA; Snohomish County, WA; Thurston County, WA; Montgomery County, AL; Troup County, GA; Dallas County, TX; Tarrant County, TX; Harris County, TX; Fort Bend County, TX
For details about APIASF's scholarship programs or to apply, visit www.apiasf.org. Also, follow APIASF on Facebook (www.facebook.com/apiasf), Twitter (@apiasf) and Instagram (@apiasf). For information about Bank of Hope, please visit www.bankofhope.com. Applications are due on January 11, 2017 at 11:59 pm Eastern Time.
About Bank of Hope:
Bank of Hope is the first and only super regional Korean-American bank in the United States with $13.5 billion in total assets as of September 30, 2016. Formed through the merger of BBCN Bank and Wilshire Bank, the top two commercial lenders in the market, Bank of Hope is headquartered in Los Angeles and serves a multi-ethnic population of customers across the nation. Bank of Hope operates 85 full-service branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, Georgia and Alabama. The Bank also operates SBA loan production offices in Seattle, Denver, Dallas, Atlanta, and Portland, Oregon; a commercial loan production office in Fremont, California; residential mortgage loan production offices in California; and a representative office in Seoul, Korea. Bank of Hope specializes in core business banking products for small and medium-sized businesses, with an emphasis in commercial real estate and commercial lending, SBA lending and international trade financing. Bank of Hope is a California-chartered bank, and its deposits are insured by the FDIC to the extent provided by law. Bank of Hope is an Equal Opportunity Lender. For additional information, please go to bankofhope.com.
Based in Washington, D.C., the Asian & Pacific Islander American Scholarship Fund (APIASF) is the nation's largest non-profit organization devoted to providing college scholarships for Asian Americans and Pacific Islanders (AAPI). APIASF works to create opportunities for students to access, complete, and succeed after post-secondary education; thereby developing future leaders who will excel in their career, serve as role models in their communities, and will ultimately contribute to a more vibrant America. Since 2003, APIASF has distributed over $100 million in scholarships to AAPI students. APIASF manages three scholarship programs: the APIASF General Scholarship, the APIASF Asian American and Native American Pacific Islander - Serving Institutions (AANAPISI) Scholarship, and the Gates Millennium Scholars/Asian Pacific Islander Americans funded by the Bill & Melinda Gates Foundation.