SCRANTON - Officials of the Fidelity Deposit and Discount Bank recently contributed $100,000 to The Commonwealth Medical College.
This continues a tradition of generosity by the bank to the college; as a member of college's Founders Society, Fidelity had provided an $80,000 student scholarship in 2009 in support of the 2013 charter class.
"The leadership of Fidelity has decided to renew our commitment to TCMC because of the positive economic impact the college is making here in northeast Pennsylvania," Dan Santaniello, the bank's president and CEO, said. "Having a presence in the community since 1903, we have a vested interest in the local economy. By educating the next generation of physicians, TCMC has the potential to increase the quality of healthcare in northeast and north central Pennsylvania."
According to the American Academy of Medical Colleges, graduates of medical school accumulate an average debt of $170,000, and often more.
"The Student Scholarship Fund is critical to the success of TCMC, our medical students, and our mission", Dr. Steven J. Scheinman, M.D., president and dean of TCMC. "Scholarships reduce the burden of debt for our students and strengthen our ability to recruit students with diverse backgrounds and experiences, especially those who are economically disadvantaged."