Wells Fargo Private Bank has donated $25,000 to Campbell University to expand a fund approaching $200,000 that provides scholarships for students in the Lundy-Fetterman School of Business’ Trust & Wealth Management Program.
The bank initially established the Wells Fargo Trust Scholarship in September 2012 with a $25,000 gift to aid trust majors at Campbell, with first preference for female and/or minority students.
“Wells Fargo is very proud of the talented students that they have hired from Campbell’s Trust & Wealth Management Program,” said John Elliott, manager of the North Carolina Trust Center in Winston Salem for Wells Fargo Private Bank. “These students have chosen an exciting career and have received exceptional training that will set them on a course to be successful in the trust and wealth management profession.
“It is fitting that Wells Fargo is investing in a program that is preparing talent for the next generation of wealth management professionals.”
Wells Fargo presented a check for the new $25,000 contribution on Tuesday, Sept. 12 at Wells Fargo’s North Carolina Trust Center before more than 100 juniors, seniors and fifth-year 4/1 students in the School of Business who were visiting the center to learn more about career opportunities. Dean Kevin O’Mara and Jimmy Witherspoon, Director of the Trust & Wealth Management Program, accepted the check on Campbell’s behalf.
“This is a wonderful demonstration of Wells Fargo’s continuing commitment to the university, to the Trust & Wealth Management Program and, most importantly, to our students,” Witherspoon, said. “Thanks to this very generous contribution, Wells Fargo is enabling students at Campbell to fulfill their dreams.”
Erin Mills, a senior at Campbell, was one of five students awarded the Wells Fargo Scholarship for 2017-18. Mills interned with Wells Fargo this past summer and has already accepted a permanent hire position on the Philanthropic Services Team in Winston-Salem for May 2018.
Campbell is the only university in the U.S. to offer an undergraduate degree in trust and wealth management. Former Campbell President Norman Adrian Wiggins, who was once a trust officer and expert in trust law, established the program at the university in 1967. Today, 45 to 50 students graduate from Campbell with a trust degree each year – many of whom also graduate with an MBA thanks to the 4/1 program. Nearly all trust majors complete at least one summer internship at a major bank such as Wells Fargo, and many also go on to work at one. The job placement rate for Campbell’s trust majors is 95 percent by graduation.
“It has been an honor for the trust program to partner with our friends at Wells Fargo (or their predecessor banks) for over 40 years,” Witherspoon said. “We are very proud to have literally hundreds of Campbell trust alumni serving their clients throughout the nation as associates of Wells Fargo.”