Laredo College is the proud beneficiary of a $1 million gift from Texas Community Bank (TCB), a locally owned and operated, community-oriented financial institution with deep roots along the South Texas-Mexico border.
The generous donation will primarily benefit economically disadvantaged students who require financial support to pursue higher education at Laredo College. The funds will provide financial assistance through scholarships supporting tuition, fees and other costs of attendance. Half of the gift will be used to establish a new endowment fund, ensuring long-term impact and sustainability.
“Texas Community Bank was founded on the belief that strong communities are built by investing in people,” President and CEO of Texas Community Bank Douglas Macdonald said. “Education is one of the most powerful tools for creating opportunity, and we are honored to support Laredo College and its students as they work toward a brighter future for themselves and for our region.”
Scholarship funds will be awarded to eligible students enrolled in academic and workforce education programs, including career and technical instruction, helping ensure students have access to programs aligned with today’s workforce needs.
Laredo College President Dr. Minita Ramírez emphasized the lasting impact of the gift on student success.
“This transformative gift from Texas Community Bank represents more than financial support; it represents hope, opportunity and belief in our students,” Dr. Ramírez said. “The establishment of this endowment will allow Laredo College to expand access to education and empower generations of students to achieve their academic and career goals.”
With a distinguished career in banking and a strong local bond to the community, Texas Community Bank’s legacy of service will continue through this investment in education. Since its inception in 2003, TCB has built a stable core deposit and loan base not only in its primary home of Laredo, but also in San Antonio, Somerset, Brownsville, McAllen and Del Rio.