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First Hawaiian Bank and Guam Business Magazine Businesswoman of the Year award $15,705 in Scholarships (March 15, 2012)

Gualo Rai, Saipan - First Hawaiian Bank and Guam Business Magazine awarded a total of $15,705 in scholarships to eight students in recognition of their oustanding academic achievements. Six students from Saipan and two students from Guam will be the recipient of the 2012 First Hawaiian Bank Guam Business Magazine scholarship awards.

Last October, the scholarship program awarded $16,380 to seven students, bringing the total award for the 2011-2012 academic year to $32,085. Since 2006, the program has awarded a total of $117,835 in scholarships to deserving students in the community.

At an awards ceremony held at the First Hawaiian Bank Gualo Rai Branch, six students from the Northern Marianas College were presented with their scholarships. The names of the two Guam scholarship recipients will be announced tomorrow at a special award presentation held at 11:00 am at the First Hawaiian Bank Maite Branch.

The First Hawaiian Bank and Guam Business Magazine Businesswoman of the Year Award program provides funding for student scholarships at three higher education institutions in the Mariana Islands: University of Guam, Guam Community College and Northern Marianas College. The scholarship are intended to promote higher education through financial assistance for college students pursuing professional careers.

The following Saipan college students received First Hawaiian Bank Guam Business Magazine Businesswoman of the Year scholarships:

  • Nazario-Omar P. Ajoste
  • Jatanna P. Cabrera
  • Marie Luise L. Del Carmen
  • Kathleen D. Laurio
  • Alvijane F. Manibusan
  • Anne Julia P. Padilla

The scholarships were awarded based on the recipients' total number of credit hours enrolled in the fall semester, their grades, involvement in the community and potential to become sucessful businesspeople. All applicants were required to submit a written essay and evidence of financial need. Each of the recipients has a grade point average of 3.0 or higher. Applications were open to full-time and part-time students of the three educational institutions.

Funds for the scholarships were raised through the 2011 Businesswoman of the Year Gala, held on April 30, 2011. In addition to raising funds for these scholarships, the annual event recognizes women who make a difference in business.

The year's gala will be held on April 28, at the Aurora Resort & Spa. Tickets for the gala may be purchased from Faye Varias by calling (671) 688-6294 or via email: [email protected].

The 2011 Businesswoman of Year Maha'haga award recipient was Joyce Quinata Crisostomo, executive director of Cars Plus and president of Payless Car Rental. Past recipients include Anna Wang Kao, founder and president of Genghis Khan Furniture Co.; Lorraine S. Okada, executive manager of Carlsmith Ball LLP and president and owner of Managing Consulting Services; Julienne Rose Perez Duenas, physical therapist, owner and clinical director of Sports, Orthopedic and Active Distributors Inc.; Christine Won Pat Baleto, general manager of Market Wholesale Distributors; and Katherine Calvo Sgro, executive vice president and chairwoman of the board of Pay-Less Markets Inc.

For more information contact Frank Whitman, managing editor, Guam Business Magazine at (671) 649-0883 extension 126 or [email protected] or Lou Sanchez, sales and marketing manager, First Hawaiian Bank at (671) 475-7853 or [email protected].



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