Illinois Bankers Association

IBA Graduate School of Banking (GSB) Scholarship

Each year, the Herbert V. Prochnow Educational Foundation awards GSB scholarships based on admission requirements as determined by the IBA. Each scholarship covers approximately one-third of the annual cost with the institution responsible for the remaining amount of this three year program. Established in 1983 as a supporting organization to the GSB, the foundation supports research in banking education, and sponsors a number of educational programs and activities.

The Wisconsin School of Business’ Center for Professional and Executive Development has partnered with GSB-Wisconsin to provide the prestigious Certificate of Executive Leadership to GSB graduates upon completion of the rigorous program. 

Value: $4,500 awarded to two IBA Member recipients
($1,500 per year, applicable to first year students only)

Scholarship applications must be submitted by May 1.

GSB Admission Requirements 
  • Officers of FDIC-insured banks or savings institutions with five years of banking experience, as well as a four-year college degree or four additional years of relevant experience.
  • State and federal financial institution regulatory officials and bank directors with educational background and experience comparable to that required of bank officers.
  • Non-officer bank or savings institution employees who are performing officer-level functions will be considered (letter of recommendation from chief executive officer required).
  • Professionals from other financial service institutions and from firms providing services to banks with educational and experience backgrounds comparable to that required of bank officers will be considered.

The deadline to submit is May 1.

Nominee Profile

Financial Institution

Education History

Lists Colleges & Dates Attended | Major & Degree
Additional education activities


Years in Banking
Current and Former Positions
Association / Industry / Community Involvement
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For more information, connect with us at 217-789-9340.