A second endowed scholarship established this fall at The University of Texas-Pan American from Lone Star National Bank was announced Oct. 27 by the development staff in the Division of External Affairs. The $50,000 contribution from the bank will establish the Guadalupe Cantu Endowed Scholarship to benefit students in the UTPA College of Business Administration. Both the Guadalupe Cantu Endowed Scholarship and the Hilda Cantu Garza Endowed Scholarship, initiated earlier this fall at UTPA, were matched to create two $100,000 endowments.
Paul R. Rodriguez, executive vice president and chief business development officer at Lone Star National Bank, said the endowment honoree was a prominent business leader in the Valley and very special to the bank.
Present at the ceremony were Elida Cantu, surviving wife of Guadalupe Cantu as well as their daughter Elvia Saenz. Guadalupe Cantu's late daughter, Hilda Cantu Garza, was honored when Lone Star National Bank contributed $50,000 to establish the Hilda Cantu Garza Endowed Scholarship benefiting students in the College of Education.
Lone Star National Bank, a premier independent community bank serving the Valley for more than 22 years that now has branches from Roma to Brownsville, has supported many efforts to enhance educational opportunities in the area, particularly in providing scholarships through VAMOS (Valley Alliance of Mentors and Scholarships), Rodriguez said.
The endowment, along with the match, will begin awarding a $5,000 scholarship to an entering freshman or continuing freshman who is enrolled full time and has a 2.5-3.0 GPA on a 4.0 scale. The student must be in the 11 to 25 percentile of the class and be a working student. The scholarships will be available to students starting September 2006.
"We are very pleased and especially honored that Lone Star National Bank has decided to establish a second endowment at UTPA. This endowment will benefit College of Business Administration students by providing them financial support through scholarships. We thank Lone Star for their commitment and their long term investment in the students of UTPA," said Lydia Aleman, director of Development Operations and Endowment Services, who represented the University at the check presentation ceremony along with Dr. John Emery, dean of the College of Business Administration.
For more information, contact the Division of External Affairs at 956/361-3361.