New York, Aug. 31, 2017 (GLOBE NEWSWIRE) -- BankMobile, a division of Customers Bank, and America’s fastest growing mobile-first bank, today announced it has selected the University of Utah senior Austin Scholes as the recipient of its third annual Financial Empowerment Scholarship out of 2,178 applicants. 

The BankMobile Foundation serves as a platform to financially empower individuals by promoting financial literacy through scholarships and grants, sweepstakes, funding social entrepreneurs and building strategic partnerships with organizations dedicated to promoting financial education. BankMobile’s Annual Financial Empowerment Scholarship has grown in popularity since its inaugural year, and significantly within the last year with over a 300% increase in applications received from 2016 to 2017.  

“I am so grateful to BankMobile for receiving this scholarship, which will help me as I continue my studies at the University of Utah,” stated Scholes. “I value the bank’s determination to help its customers create a solid financial footing and all the innovative ways it is disseminating useful information. I look forward to continuing to promote financial literacy in order to help my fellow students and others in the community.”

“Austin’s submission showed that he is truly dedicated to promoting financial education and we are delighted to award him this scholarship,” stated Luvleen Sidhu, Co-Founder, President and Chief Strategy Officer of BankMobile and Director of the BankMobile Foundation. “BankMobile strives to be the most simple, fun bank in the country that serves millennials and the underbanked, with a mission to financially empower its customers. Through such additional opportunities like this scholarship, we are thrilled to further impact the lives of others.”

During his senior year of high school, Scholes participated in a competition hosted by Mountain America Credit Union. He delved into an extensive campaign focused on gamification and engaging his peers to promote financial literacy. He was chosen as the competition’s first-place winner, which led to his school receiving $3,000. After graduating high school, Scholes began working at Cyprus Credit Union as a financial service representative and currently is in the marketing department at Desert First Credit Union. He uses his position as an opportunity to educate his community through financial literacy quizzes, blog posts, competitions and engaging students.

To learn more about The Annual BankMobile Financial Empowerment Scholarship and how to apply for the 2018 scholarship offered by the BankMobile Foundation, visit: https://www.bankmobile.com/scholarship/.

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About BankMobile

Established in 2015, BankMobile, a division of Customers Bank, is America’s largest mobile-first bank, offering fee-free checking and savings accounts. It provides target customers – millennials, the underbanked and middle income households with a digital, effortless, and financially empowering experience. BankMobile offers checking, savings, lines of credit, joint accounts and access to over 55,000 surcharge-free ATMs nationwide (BankMobile VIP customers have free access to every ATM in the country, which is more than 400,000 ATMs), a guaranteed higher savings rate than the top four banks in the nation, a personal banker for all customers, and a free financial advisor for VIP customers. BankMobile is operating as the digital banking division of Customers Bank, which is a Federal Reserve regulated and FDIC-insured commercial bank. For more information, please visit www.bankmobile.com.

About the BankMobile Foundation

The BankMobile Foundation serves as a platform to financially empower individuals by promoting financial literacy through scholarships and grants, sweepstakes, funding social entrepreneurs and building strategic partnerships with organizations dedicated to promoting financial education. The Foundation also has a financial education program that offers a value-add to employers by hosting financial education workshops for their employees to help them live financially healthier lives.

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Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/3fa066bd-4c41-470f-94e5-19707ef82a1d

Kati Bergou
BankMobile
2128053014
kbergou@rubensteinpr.com