Southern Bank donates $300,000 to project at UMO
By Staff Reports
Published in News on March 18, 2015 2:01 PM
MOUNT OLIVE -- The Southern Bank Foundation has made a $300,000 commitment for the University of Mount Olive's proposed track and field/lacrosse complex.
The cost for phase one construction of the track and lacrosse complex is estimated at $1.5 million and will include an eight-lane, synthetic surface, 400 meter track built with an artificial surface field inside the track, along with areas for throws and jumps.
"The Southern Bank Foundation has been a tremendous friend to the University and to the athletics department," University President Dr. Philip P. Kerstetter said. "The leadership team of the Southern Bank Foundation clearly recognizes the economic impact that the university -- students, athletic programs, potential jobs -- makes on the region.
"The Foundation leadership also realizes the impact that top-notch athletic facilities has on the recruitment of student athletes and coaches."
Kerstetter noted the successful history of the baseball and basketball programs at the university as an example of the type of potential impact a new track and lacrosse complex will have at the University.
"Not only will the University be able to recruit nationally-recognized student athletes, but the opportunity to host prominent competitions that will directly benefit the Wayne County community in economic terms is also a great possibility," he said. "Furthermore, this facility will be available to the community to expand wellness opportunities for the entire region. With this gift, the Southern Bank Foundation is not only assuring the future of the track and lacrosse programs at UMO, it is also investing in the good for the entire community."
The Southern Bank Foundation makes charitable gifts to support a large number and variety of charitable programs in communities served by Southern Bank and Trust Company.
"The Southern Bank Foundation is pleased to contribute to this project," Southern Bank Chairman and CEO Grey Morgan said. "The new track and lacrosse complex will be a great addition to the campus and will help in continuing to attract quality student athletes to the university. Southern Bank shares the University's values of integrity and a long term commitment to excellence."