Union State Bank Teams Up with Archbishop Stepinac High School to Help Reduce College Tuition Costs for Students

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Partnership gives students $1,000 in SAGE College Tuition RewardsÂ?

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Union State Bank (“USB”) and Archbishop Stepinac High School in White Plains have teamed up to provided added benefit to students. The school is sponsoring its students with SAGE Tuition Rewards™ through the program offered exclusively by the Bank.

“The rising cost of college tuition is a legitimate concern among our customers. The SAGE program is a great opportunity for the Bank to help support the efforts of those who are saving for higher education,” said Raymond J. Crotty, president and chief operating officer of the Bank.

SAGE's Tuition Rewards™ allows customers to earn guaranteed scholarship credits on CD and IRA accounts as well as current balances on home equity loans and lines of credits with USB. The value of the Tuition Rewards™ guaranteed scholarships can equal up to one full year's tuition at over 200 participating private colleges and universities across America. Currently USB has almost $6.5 million in accounts earning Tuition Rewards.™

Paul Carty, principal of Archbishop Stepinac High School said the reason the school became involved was their concern for the rising cost of tuition. ”One focus of the school is to provide our students and their families opportunities for funding their higher education.” He commented on the creative scholarship program and its value. “It’s wonderful that a school and bank can work together to give back to the community.”

The school began its participation in the program last year for all eligible freshman and sophomores. Beginning this fall and going forward, all incoming freshman will also be enrolled in the SAGE program. The program is featured at Senior Financial Aid Planning day where Bank representatives educate students and parents on the benefits of enrollment. “We’d like to see more families involved with the program. It’s of tremendous value to their educational future.”

Union State Bank is extending this opportunity to all local schools. Each school district that registers for the SAGE program and agrees to a banking relationship with USB will receive $1,000.00 in Tuition Rewards™ for each student in their district.

For more information on the SAGE Tuition Rewards™ program, visit http://www.tuitionrewards.com.

About Union State Bank:

Union State Bank is a full service New York State chartered, commercial bank with approximately $2.9 billion in assets. The Bank was founded in 1969 in Rockland County where it is headquartered. In addition to its branches in Westchester, Rockland and Orange Counties, it has one location each in Stamford, CT and Manhattan, NY. Union State Bank is a subsidiary of U.S.B. Holding Co., Inc, whose common stock is listed on the New York Stock Exchange, trading under the symbol “UBH.” Further information on Union State Bank can be found by logging on to http://www.unionstate.com.

Press Contact:     

Bridget F. Clark        

Union State Bank

(845)365-4885            

bclark @ unionstate.com

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