LU News Archive

Bankers’ Financial Education Scholarship in Finance established

The Lamar University Foundation has announced the establishment of a new endowed scholarship. The Bankers’ Financial Education Scholarship in Finance has been established to assist students seeking a degree in finance who are interested in the banking industry.

The Southeast Texas Financial Education Institute was established in 1998 to meet the educational needs of the employees of its member banks in Southeast Texas. The institute received its funding from those banks to provide courses and seminars to establish a foundation for employee’s upward mobility. The institute recently voted to dissolve itself and transform its resources and capital into an endowed scholarship for Lamar University finance students.

“It is always good for our students to know that there are people who can be counted on to think about them and look for ways to help them,” said Larry Allen, LU department chair for economics and finance. “This scholarship gives Lamar another opportunity to honor good students and encourage them to finish their studies.”

The Department of Economics and Finance is part of the College of Business at Lamar.  Its primary goal is to ensure that all of the programs continue to serve the evolving and dynamic business marketplace in Southeast Texas and beyond. The College of Business is accredited by the Association to Advance Collegiate Schools of Business (AACSB-International), a distinction held by fewer than five percent of business schools worldwide.

Lamar’s College of Business continues to grow and evolve to meet the needs of its students. The Economics and Finance department has seen dramatic increases in the quality of course offerings in addition to enrollment growth.  The Fecel Financial Center, for example, allows students to study real life trends and movements of the stock market in real time. In addition to computers with dual displays, the center has a full range of analytical software for accessing and screening financial data. The center’s electronic marketing wall includes a touch screen for monitoring the New York Stock Exchange, the NASDAQ, commodities, precious metals, interest rates, and exchange rates. Students in Lamar’s advanced finance classes and graduate finance classes use the finance lab for practical, real-world financial management experience.

For more information about establishing an endowed scholarship, contact the Lamar University Foundation at (409) 880-2117.