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Youngstown State University: First Place Bank Gives $500,000 to YSU Campaign

 

June 27, 2007

First Place Bank Community Foundation has donated $500,000 to Youngstown State University's Centennial Capital Campaign to help construct a new building for the Williamson College of Business Administration. The First Place Community Foundation was established to assist with local economic development, charitable needs and education. It is the largest corporate gift to the Centennial Capital Campaign thus far. First Place Bank's longstanding, generous support of YSU reflects the bank's commitment to the university, Youngstown and the entire Mahoning Valley," said David C. Sweet, YSU president. The gift will go toward the construction of a new $30 million building for YSU's business college. The stateoftheart facility will be located between the YSU campus and downtown Youngstown, connecting the university and the community. First Place is committed to investing in Youngstown State University, the renaissance of the city of Youngstown and the people of the Mahoning Valley. This is our home, where we live and work, and we are committed to sustaining and improving the quality of life for everyone here in the Valley," said Steven R. Lewis, chief executive officer of First Place Bank. First Place Bank has established a tradition of support for YSU. Over the past nine years, First Place has contributed over $200,000. These funds have been allocated to the following projects: the Andrews Student Recreation and Wellness Center, the Northeast Ohio Robotics Competition, the Mahoning River Education Project, the Rich Center for Autism, student scholarships, the YSU Sponsorship Program, Homework Express and Run with the Penguins. The partnership between First Place Bank and YSU has produced several directors and members of the First Place management team: Don Cagigas, a 1963 YSU graduate and a member of the YSU Board of Trustees, is a member of the First Place Bank Board of Directors; Ronald Volpe, YSU professor of accounting and finance, and YSU graduates Tom Humphries and Robert Wagmiller are also members of the bank's board; Dave Jenkins, executive director of the First Place Bank Community Foundation, is a 1973 YSU graduate. In addition, 81 of the bank's employees are alumni or are currently attending YSU. First Place Bank's gift is an important investment in the Williamson College of Business Administration and our community," said Betty Jo Licata, dean of the college. "We are grateful for their generosity and look forward to their continued involvement in the college and the education of our students." The gift is part of YSU's $43 million Centennial Capital Campaign. The fiveyear campaign, tied to YSU's centennial in 2008, is the largest in the university's history and is a partnership between YSU and The YSU Foundation. The gift from First Place brings the total raised thus far to $30 million. The campaign is led by a 15member cabinet, chaired by Tony Lariccia, vice president for Merrill Lynch in Canfield and a 1966 YSU graduate.
Source: Youngstown State University, Ohio
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