For 30 years, Central Savings Bank has been assisting Lake Superior State University students who are majoring in Finance and Economics and wish to pursue a career in banking by providing a scholarship in its name, The Central Savings Bank Scholarship. Central Savings Bank has been a full service hometown bank in Sault Ste. Marie since 1902.
The annual scholarship, which may have a value of up to full tuition, was established to support students who graduate from Michigan’s EUP and The Algoma District of Ontario, Canada. To be eligible, the student must meet the following criteria: be full time, at least a sophomore (26 credits) majoring in a LSSU School of Business program, preferably in Finance and Economics or in Accounting with a minor in Finance, successfully completed at least two (2) 300 level courses in finance, economics, or accounting and has earned a minimum cumulative 3.0 GPA.
Past recipients who currently work for Central Savings Bank are Mark Savoie, President (1992-93); Erin Albrecht, Assistant Vice President (2009-10); and Autumn VanDonkelaar, Credit Analyst (2019-20).