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Hudson Valley Community College Foundation Announces Pioneer Bank Scholarship in Memory of John M. Scarchilli

CONTACT:Deborah Renfrew (518) 629-7180,
FOR IMMEDIATE RELEASE:Thursday, August 26, 2010

The Hudson Valley Community College Foundation recently announced a newly endowed scholarship fund established by Pioneer Bank in memory of its former president and CEO, John M. Scarchilli. The Pioneer Bank Scholarship in Memory of John M. Scarchilli '74 is the result of efforts by the bank, its board members and friends.

The scholarship will be awarded to students enrolled full time in the college's School of Business who demonstrate financial need and who reside in Albany, Rensselaer or Saratoga counties. Preference will be given to students interested in pursuing a career in banking. Special consideration will be extended to students whose lives have been impacted by cancer.

A 1974 graduate of Hudson Valley, Scarchilli was presented with Hudson Valley's Distinguished Alumnus Award in 2002 for his commitment to service and achievement. Scarchilli began his career at Pioneer Bank in 1977 and rose through the ranks to become president and CEO, a title he held until his death this past June.

He was involved on a number of community boards throughout the Capital Region, including Community Hospice, the Commission on Economic Opportunity, The Friendly Sons of Saint Patrick and the Troy Downtown Collaborative. He was director of Community Bankers Association of New York State and director of America's Community Bankers. Prior to attending Hudson Valley, he served as a survey specialist with the United States Army, and after graduating went on to obtain his bachelor's degree from Siena College.

A lifelong resident of the Capital Region, Scarchilli was known to his family and friends as "a man of integrity, with strong leadership qualities and a relentless passion for positive thinking."

"Hudson Valley students are so appreciative of scholarship support, and establishing a scholarship fund is a wonderful way to memorialize a loved one," said Foundation President Sarah Boggess, who also serves as vice president for institutional advancement at the college. "We are very thankful for the generosity of Pioneer Bank, its board members and John's friends."

Anyone interested in establishing a scholarship can call the Hudson Valley Community College Foundation at (518) 629-8012 or visit

The Hudson Valley Community College Foundation is a not-for-profit charitable corporation, formed in 1983 to philanthropically support the college's mission. Gifts to the Foundation from alumni, corporations and friends are used to enhance programs, facilities and scholarship opportunities at the college.

Founded in 1953, Hudson Valley Community College offers more than 70 associate's degree and certificate programs in four schools: Business; Engineering and Industrial Technologies; Health Sciences; Liberal Arts and Sciences; and Business; and workforce and academic preparation programs offered through the Educational Opportunity Center. One of 30 community colleges in the State University of New York system, Hudson Valley has an enrollment of nearly 14,000 students, and is known as a leader in distance learning initiatives and workforce training. Hudson Valley has more than 65,000 alumni.