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Abbot Downing Awards Inaugural Scholarship Recipient

Posted on: September 6th, 2013 by insidemctc No Comments

Thomas Stenslie, recent graduate of Minneapolis Community and Technical College (MCTC), is the inaugural recipient of the Abbot Downing Scholarship. Stenslie was awarded an annual renewable scholarship for $2,500 to complete his bachelor’s degree at Metropolitan State University.

Abbot Downing, a Wells Fargo business, will provide up to two scholarships annually for students interested in pursuing a bachelor’s degree in business at Metropolitan State University after completing two years at either Saint Paul College or Minneapolis Community and Technical College.

Stenslie will begin coursework at Metropolitan State University in Saint Paul, Minn. this fall, majoring in business administration, with an anticipated graduation date of 2015. While attending MCTC, he was a member of the dean’s list. A native of Wahpeton, N.D., Stenslie lives in Minneapolis, where he works as an auditor at RIS Inventory Services.

“Part of Abbot Downing’s mission is to attract and develop talented teams of people who demonstrate integrity, wisdom, and passion for great work,” said Jim Steiner, president of Abbot Downing. “Through the Abbot Downing Scholarship program we are able to connect with students who display these characteristics and invest in their future. We’re excited about our partnership with Metropolitan State, which has a strong business program and offers students affordability and flexibility to pursue higher education.”

President of Metropolitan State University Sue Hammersmith said, “I congratulate our partners at Abbot Downing for the vision reflected in their creation of the Abbot Downing Scholarship. This kind of private-sector engagement and support for students while they are preparing for their careers is an important and growing trend in public higher education. Abbot Downing’s example of outreach to promising students is the kind of innovation that enables Metropolitan State to continue to be ‘Where Life and Learning Meet.’”

The program is administered by Scholarship Management Services, a division of Scholarship America.  Applications for fall 2014 may be submitted starting in early 2014 at http://sms.scholarshipamerica.org/abbotdowning/.

Abbot Downing, with $34 billion in client assets and a 40-year history serving ultra-high-net-worth clients, is part of Wells Fargo’s Wealth, Brokerage and Retirement group, a leading U.S. wealth manager, with $1.4 trillion in client assets.

Abbot Downing services clients in all 50 states through offices in San Francisco, Palo Alto, Los Angeles, Scottsdale, Denver, Houston, Minneapolis, Chicago, Philadelphia, Washington, D.C., Charlotte, Winston-Salem, Raleigh, Naples, Jacksonville, and Palm Beach. Wells Fargo launched the Abbot Downing brand on April 2, 2012, combining two Wells Fargo businesses: the original Abbot Downing built the iconic stagecoaches that have come to represent Wells Fargo.

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.4 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, and the Internet (wellsfargo.com), and has offices in more than 35 countries to support the bank’s customers who conduct business in the global economy. With more than 270,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2013 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all their customers’ financial needs and help them succeed financially.

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