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February 25, 2005

Hibernia National Bank Partners with 麻花影院 in the Establishment of an Endowed Professorship and Debit Card Program

Hibernia Bank Gives Total of $32,000 to 麻花影院

The University of Louisiana at Monroe has a special partnership with Hibernia National Bank. Their affiliation allows students, faculty and staff of 麻花影院 to have free checking accounts, money to spend at the campus bookstore, and allows Hibernia to participate in an endowed professorship.

Malcom Maddox, Hibernia Bank's Regional Chairman for the northeast and central regions of Louisiana sees several positives to this merger.

"We really wanted to partner with the university for several reasons. I am very active in this community, I serve on the 麻花影院 Foundation, I have served on many boards as chairman," said Maddox. "I am convinced and convicted that 麻花影院 and our city and region, go hand in hand," said Maddox.

The program Hibernia began with 麻花影院 involves a collegiate debit card and a direct deposit program; 麻花影院's payroll is now all paid by direct deposit as a result.

Hibernia Bank won a bid in order to be the bank to handle all of 麻花影院's direct deposits. Hibernia's bid also included a free checking account and customized debit card for all 麻花影院 faculty, staff and students. The 麻花影院 debit card even boasts an image of the university's new 75th Anniversary logo. In addition, Hibernia agreed to pay 麻花影院 $10 per every new account opened under this program. As of the end of 2004, 麻花影院 personnel had opened 1,000 accounts.

麻花影院 President James E. Cofer, Sr. will be presented with the $10,000 check from Hibernia during the Presidential Perspective event at Brown Auditorium tonight.

Cofer will also be given a $12,000 check from Hibernia at the same event. This money will go towards an Endowed Professorship in the College of Arts and Sciences. This $12,000 is the first installment of five yearly contributions that will total a $60,000 gift from Hibernia. This $60,000 will be matched with $40,000 from the Louisiana Board of Regents Support Fund, providing a $100,000 endowment for 麻花影院's College of Arts and Sciences.

President Cofer is pleased with this partnership. "We are always looking for ways to collaborate with the community," Cofer said. "This is a great example of two businesses working together for a common good. Is it important that we partner with the community and especially those who support the university."

"Rather than give a free gift to those 麻花影院 affiliates who opened new accounts at our bank, we gave them a voucher for $10 to use at the 麻花影院 bookstore," said Maddox. Hibernia gave out over $10,000 in bookstore coupons.

As a result of this enhanced partnership, Hibernia's additional gifts to 麻花影院 total $32,000.

The 麻花影院 Foundation now manages 9 endowed chairs and 50 endowed professorships with assets totaling approximately $20 million. Each of 麻花影院's four colleges are the beneficiaries of these funds.

For this and other 麻花影院 news online visit www.ulm.edu. While there, check out 麻花影院's on-line calendar for all of 麻花影院's upcoming events.

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