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| Dr. Steve Lohman (left center), Northwestern executive vice-president, accepts a check from Kyle Hughbanks, Central National Bank president and CEO. This check represents the first installment of the bank’s platinum pledge in Northwestern’s Millennium Club. Observing (from left) are CNB Board of Directors Scott Hartman, Harold Brizzolara, Marilyn Myers Bouziden, and executive director of the Foundation, Allen “Skeeter” Bird. |
The Central National Bank of Alva (CNB) has taken its giving to the next level by pledging to become a platinum member of the Northwestern Oklahoma State University Foundation's Millennium Club.
Marilyn Myers Bouziden, Kyle D. Hughbanks, Mary Margaret Miller, Stephen L. Myers, Harold A. Brizzolara, and Scott C. Hartman are the members of the board of directors who made this generous decision to donate.
The Millennium Club allows donors to give a certain amount over the course of 10 years. This program was designed to build an extra $25 million in endowed funds to contribute directly to scholarships at Northwestern. By spreading the payment of the pledge over 10 years, it will allow donors of all types to play a role in the future successes of Northwestern and especially its students.
There are three levels of giving in the Millennium Club: Platinum, $10,000 per year, which CNB has pledged to do; Gold, $1,000 per year; and Silver, $100 per year. Each donor is publicly recognized and receives a commemorative coin and coin display board.
"We understand how important Northwestern is to northwest Oklahoma," said Kyle Hughbanks, who serves as the president and chief executive officer of the bank. "As Northwestern prospers by bringing in students, faculty and administration, our community and businesses will continue to grow with it."
The bank's main office is located at College and Flynn in Alva with two branch offices in Woodward. The growth of the Central National Bank in the surrounding communities mirrors what Northwestern is accomplishing with its Woodward campus through the construction of a brand new building that will be open for classes by the fall semester.
"We are very excited about the Woodward campus and hope that the other organizations in the Woodward community will embrace and support the new facility," Hughbanks said.
This is not the first time the bank has given to the university. For more than 50 years, Central National Bank has supported Northwestern by giving more than a half a million dollars to the university and this recent pledge reinforces its stance on making higher education a pillar for the future.
CNB has been involved in many projects on campus including the Foundation's Donor Dinner, the Northwestern Hall of Fame, Alumni Basketball game sponsorships, funding the annual welcome back picnic for the university employees and recently it helped sponsor the Northwestern Centennial Symposium.
"Central National Bank is building upon its long history of support for Northwestern and our students," said Dr. Janet Cunningham, president of Northwestern. "Their generosity and support of the Millennium Club program will provide needed scholarship support for deserving students. It is clear that CNB believes that an investment today in Northwestern students will pay a great dividend to northwest Oklahoma in the future."
Bank officials also show their support for Northwestern and how they value higher education by hiring Northwestern graduates. Pat Headlee, executive vice president and trust officer, is one of 21 Northwestern graduates currently working at the bank. Headlee also serves Northwestern through her work as a board member for the Northwestern Foundation.
"The Millennium Club is vital for Northwestern to fund those scholarships," Headlee said. "I have been working for CNB for more than 34 years and it makes me very proud and excited that the bank has decided to give this pledge."
"I'm very proud at how many Northwestern graduates are working at Central National Bank," said Skeeter Bird, executive director of the Foundation. "I'm also pleased with the bank's generosity towards the university and the Foundation."
For more giving opportunities call (580) 327-8593 or check out the Foundation's Web site at www.nwfoundation.com.
Copyright © Northwestern Oklahoma State University Foundation, All rights reserved.
The information in this publication is not intended as legal advice. For legal advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income tax include federal taxes only. Individual state taxes and/or state law may impact your results.
