Community Bank has paid out more than $11,000 in its third annual “Earn While You Learn Program.”
The bank reached an all-time high for payouts in 2013, giving 517 Eastern Oregon and Southeastern Washington students cash for their good grades.
The program offers $1 per top grade, up to $50 annually per student in their Community Bank Youth Savings Accounts. Payments for the whole year are distributed in June and July, according to an announcement.
Officials said the program was created to encourage students in their academic success. Over the last two months all of the branches for the Joseph, Ore.,-based branch have accepted end-of-the-year report cards from students in first through 12th grades. The branches paid out a total of $11,174.
During the first year, 190 students were paid $3,895. Last year $6,975 was paid to more than 275 student customers.