Partners in Transformation

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Since its founding in 1999, TowneBank has actively supported the University – from creating the Spirit of Excellence Scholarship for Luter School of Business students to supporting Captains athletics and partnering with Christopher Newport on several construction projects.

Now TowneBank has committed to provide Christopher Newport $1 million – a gift spanning the next 10 years that will create scholarships while benefiting athletics and the Ferguson Center for the Arts. A significant portion – $700,000 – will establish an endowed fund to provide 12 TowneBank Leadership Scholarships each academic year.

“TowneBank is making a substantive and long-term investment in our students – and in the future of Christopher Newport,” says Adelia Thompson, Vice President for University Advancement. “They believe in us and know our students will make a difference in the community and in the world.”

Brian Skinner (’92), President of TowneBank Peninsula/Williamsburg, stewarded the gift. He notes, “Both TowneBank and Christopher Newport understand the significance of supporting and developing our people,” he says.

The new scholarships will benefit students in the President’s Leadership Program (PLP) seeking a degree in a business-related field, such as accounting, finance, management, marketing or economics. PLP empowers students to develop a personal and civic responsibility while tapping their leadership potential to better the community, complementing TowneBank’s values.

Of the remaining gift, $250,000 will enhance the success of student-athletes, providing the University flexibility to apply funds toward the most pressing needs. The final $50,000 will support Ferguson Center programming and operations.

“This gift is a statement about what has happened at Christopher Newport and what will continue to happen with the generous support of our community leaders. Our relationship is about serving our community,” notes Thompson.

In addition to financial support, TowneBank leaders have also contributed time to the University, such as serving on the executive council for the Defining Significance comprehensive campaign. TowneBank Chairman and CEO C. Robert Aston Jr. and Christopher Newport President Paul Trible enjoy a longstanding friendship, and several TowneBank leaders are university alumni.

“Christopher Newport and TowneBank enjoy a multifaceted relationship that has grown and developed over the years through community support, board representation and banking services,” says Skinner. “Because of our relationship, both organizations believe we must invest in our communities and in our people to achieve our goals.”

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