Beneficial Expands Scholarship Program at University of South Florida.TAMPA, Fla.--(BUSINESS WIRE)--May 16, 1996--Beneficial Corporation today announced it will double its four-year scholarship program at the University of South Florida • • [ (USF USF University of South Florida USF Universal Service Fund (often part of phone bill in US) USF University of San Francisco USF University of Sioux Falls USF University of St. ). The scholarships join two USF scholarships established last year. The scholarship program will be named the Beneficial-Knight Scholarships in honor of Charles L. Knight, who died in March. Knight was a long-time member of the Boards of Directors of Harbour Island Harbour Island is an island and administrative district in the Bahamas. Harbour Island is set off the north east coast of Eleuthera Island. The principal city is Dunmore Town. Inc., and Beneficial Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. , FSB (FrontSide Bus) See system bus. FSB - front side bus , both Beneficial subsidiaries with headquarters in Tampa. "I am pleased to announce the Beneficial-Knight Scholarships named in memory of a treasured member of this community," said Finn M.W. Caspersen, chairman and chief executive officer of Beneficial Corporation, at an afternoon news conference downtown. "Beneficial hopes these scholarships continue the selfless contributions of our dear friend, Charley Knight." Knight was an expert on Native American history, Boy Scout leader A Scout Leader generally refers to the trained adult leader of a Scout unit. The terms used vary from country to country, over time, and with the type of unit. Roles There are many different roles a leader can fulfill depending on the type of unit. , instructor at USF and Manatee Community College Manatee Community College (MCC), with the main campus based in Bradenton, Florida, is a two-year community college accredited by the Commission on Colleges of the Southern Association of Colleges and Schools to award Associate in Arts, Associate in Applied Science and Associate in , and strong proponent for redevelopment of the Tampa area. His participation and contribution were invaluable in the development of Harbour Island. During his 50-year real estate career, he served as consultant to many governmental agencies. "We are grateful for the generosity Beneficial has shown the University and for the opportunity it has given these deserving students," said Betty Castor, president of the University. Previously, Beneficial offered four-year scholarships to two eligible minority students at USF. The expansion will add one minority scholarship and one based solely on academic achievement. Also at the news conference, Beneficial outlined the expansion of two subsidiaries that will generate up to 825 jobs in the city; disclosed an intent to build an office building on Harbour Island; and announced the sale of Harbour Island Inc.'s highly successful Island Walk and Island Place apartment complexes on the Island. Beneficial Corporation is a $15 billion, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Stock Exchange-listed financial services holding company. Subsidiaries of the Company provide financial services through their various consumer-finance, credit-card, banking and insurance operations located throughout the United States, Canada, the United Kingdom, Ireland and Germany. CONTACT: Beneficial Corporation Robert Wade (908) 781-3258 http://www.beneficial.com |
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