To provide an annual scholarship award(s) to a Midland, Bay, Saginaw, Clare, Gladwin or Isabella County resident(s) or Horizon Bank student employee(s) to assist in the study of business at any accredited college or university, as either a full-time or part-time student. The term “business” includes management, finance, marketing, retailing and other business related fields. The successful applicant may be either a graduating high school senior or a current college student and must have maintained a minimum of a 3.0 GPA as a high school or college student. The applicant must demonstrate financial need and personal efforts to finance college. The essay for the scholarship should describe plans, career goals and specific interests and qualifications in the selected business field.