NW Mitchell/Piedmont Federal
The N. W. Mitchell – Piedmont Federal Endowed Scholarship Fund was established on the occasion of the 100th anniversary of the Piedmont Federal Savings & Loan Association and in honor and memory of Nicholas W. Mitchell. Piedmont Federal got its start in 1903 when a small group of businessmen saw a need for a reliable source for home financing in Winston-Salem and created Piedmont Building and Loan Association. In 1911, a young man from Stokes County named Nicholas Mitchell became managing officer. Mr. Mitchell proved to be such a good manager that his leadership helped the Association prepare for the turbulent times ahead. Through Mr. Mitchell’s guidance, not a single depositor lost a penny during the Great Depression. N.W. Mitchell followed in his father’s footsteps and led the institution from the 1950s into the 1980s.
The scholarship is for a Forsyth, Stokes, Davie, Davidson, Surry, Watauga, Wilkes or Yadkin County resident who is a first semester student enrolled in a minimum of 12 course hours per semester and is accepted into an associate degree program or a college transfer program.