Arthur Ducote, Regions Central Alabama area executive (on left), presenting a bright green Regions Cruiser bicycle to Auburn University President Jay Gogue.
– Regions Financial Corporation today announced a $1 million commitment to Auburn University, which will be split equally between the School of Forestry and Wildlife Sciences and the College of Business. The funds will support a special endowment for a new professor in forestry in addition to scholarships for the business college.
“Regions is proud to support Auburn University,” said Arthur Ducote, Regions Central Alabama area executive. “Helping our communities to expect more is a vital part of the Regions mission, and, through our support of Auburn University, we’re able to help fulfill that mission for the students and faculty at Auburn, as well as the local community.”
According to the Alabama Forestry Association, forestry generates approximately $13 billion for Alabama and an additional $4.2 billion in wages each year, making it one of the leading industries within the state. The new distinguished forestry professorship will focus on product development and research, identifying creative additional markets for the use of trees. Coupled with the scholarships for the College of Business, Regions’ contribution emphasizes the importance of education to drive the economic engine in the communities it serves.
– The Auburn University Foundation received $530, 000 from Energen Corporation during the school’s recent campaign to support two programs: Energen First Scholarships and the Provost Leadership Undergraduate Scholarship Program.
The Energen First Scholarships will benefit first-generation college students residing in central Alabama. “This scholarship won’t be limited to 4.0 students, as we aim to serve students who meet the university’s enrollment requirements and need a helping hand, ” said James T. McManus II, chairman and chief executive officer of Energen Corporation.