Jerry Johnson, president of Tryon Federal Bank, announced recently that a scholarship program has been established in honor of current board chairman, Ray Foster.

The scholarship program will award $1,000 in annual education scholarship funds to a Polk County area high school student pursuing a college or vocational educational degree.

Ray Foster, chairman for Tryon Federal Bank, was an employee of Tryon Federal Bank for 35 years, serving as president for 15 years. In addition, he has served on the board of Tryon Federal Bank since 1978.

“Ray has been a pillar of the entire Polk County community, giving back selflessly for the past five decades,” commented Jerry Johnson. “We are thrilled to be able to honor Ray and contribute to the ongoing education of our area youth.”

Scholarship applications are available at the Polk County High School Guidance Office.