November 12, 2015
APIASF AND BBCN BANK ANNOUNCE $125,000 IN COLLEGE SCHOLARSHIP OPPORTUNITIES
Partnership Will Provide 50 Scholarships to Eligible Asian-American and Pacific Islander Students for the 2015-2016 Academic Year
WASHINGTON, D.C. (November 12, 2015)—The Asian & Pacific Islander American Scholarship Fund (APIASF), the nation's largest non-profit provider of college scholarships to Asian Americans and Pacific Islanders (AAPI), and BBCN Bank, the largest Korean American bank in the nation, today jointly announced $125,000 in scholarships for college-bound students enrolling for the 2016-2017 academic year. The APIASF/ BBCN Bank scholarship will be awarded to 50 students in the amount of $2,500 each.
"BBCN is committed to supporting education in the communities where we operate and has distributed more than $1.4 million in scholarships to date through our BBCN Scholarship Foundation," said, Kevin Kim, Chairman and CEO of BBCN Bank. "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.
"BBCN'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 to the pursuit of higher education, these scholarship opportunities have the potential to be life-changing for students."
To be eligible for the APIASF/ BBCN Bank scholarship, applicants must be of Asian 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 2015 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
For details about APIASF's scholarship programs or to apply, visit APIASF's Web site at www.apiasf.org. Also, follow APIASF on Facebook (www.facebook.com/apiasf) and Twitter (www.twitter.com/apiasf). For information about BBCN Bank, please visit www.bbcnbank.com. Applications are due on January 8, 2016, at 9 pm Eastern Time.
About BBCN Bank:
BBCN Bank is the largest Korean American bank in the nation with $7.6 billion in assets as of September 30, 2015. Headquartered in Los Angeles and serving a diverse mix of customers mirroring its communities, BBCN operates 50 branches in California, New York, New Jersey, Washington, Virginia and Illinois, along with eight loan production offices in Seattle, Denver, Dallas, Atlanta, Northern California, Annandale, Virginia, Portland, Oregon and Fremont, California; and a representative office in Seoul Korea. BBCN specializes in core business banking products for small and medium-sized businesses, with an emphasis in commercial real estate and business lending, SBA lending and international trade financing. BBCN Bank is a California-chartered bank and its deposits are insured by the FDIC to the extent provided by law. BBCN is an Equal Opportunity Lender.
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.