Dr. Gene Klippel, left, dean of Michigan Tech's School of Business and Economics, receives check for $20,000 from David Williams, center, president of D&N's U.P. Banking Group, and Dan Dahlquist, president of D&N Bank of the Copper Country. The money will be used to establish a scholarship for U.P. students attending MTU's School of Business.
HANCOCK--D&N Bank has established a scholarship for students from the Upper Peninsula at Michigan Technological University's School of Business and Economics. D&N has specified that the scholarship funds be managed by business students in the school's applied portfolio management program.
The applied portfolio management program offers Michigan Tech business students the experience of investing and managing real dollars. Last year, the class managed a small portion of the Michigan Tech Fund's portfolio of investments. The class uses D&N's board room in the company's Hancock headquarters for presentations, and the bank provides investment transactions free of charge.
"We believe this is just part of the outstanding 'hands-on' education that Michigan Tech has become known for," said David Williams, president of D&N's Upper Peninsula Banking Group (and a graduate of Michigan Tech).
The scholarship fund will benefit undergraduates in business and economics, with preference given to students from the Upper Peninsula. Students can continue receiving the scholarship for four years, provided they maintain a 3.0 grade point average.
The scholarship will also support Michigan Tech's Leaders for Innovation Campaign, a five-year effort to raise at least $140 million for the university. The campaign is targeting five broad areas: investment in students, faculty, university enrichment, facilities, and innovation and technology. The campaign will run through 2003.
###
03/27/00-MTN263