Chelsea Ann Bachelder of Mt. Abram High School, recipient of a Franklin Savings Bank scholarship, with bank VP Tim Thompson. FARMINGTON — Franklin Savings Bank's Community Development Foundation has awarded college scholarships to 10 local students.

The 2009 Franklin Scholars are:

Mt. Abram High School: Chelsea Ann Bachelder, daughter of Odie and Kelly Bachelder of Langtown, who plans to study hospitality administration at Johnson and Wales University.

Rangeley Lakes Regional School: David van Soeren, son of Barbara Jennings and Ernest van Soeren of Rangeley, who plans to study mechanical engineering at Clarkson University.

Mt. Blue High School: Jenna Lemieux, daughter of Lisa and Lance Lemieux of Wilton, will study finance at Columbus State University.

Mt. Blue High School: Michael Cormier, son of Michael and Susan Boyce-Cormier of Farmington, who will study management and economics at Bentley University.

Skowhegan High School: Matthew J. Libby, son of Wayne and Kathleen Libby of Norridgewock, who plans to study business at Colby-Sawyer College.

Madison Area Memorial High School: Erin Abbott, daughter of Jon Abbott of Starks, who plans to study accounting at Thomas College.

Livermore Falls High School: Joshua D. Tainter, son of Scott and Leslie Tainter of Livermore Falls, who plans to study business administration at Thomas College.

Jay High School: Bryan Brennick, son of Crystal and Raymond Brennick, who plans to study computer science at Central Maine Community College.

Mountain Valley High School: Vanessa Cayer, daughter of Jacqueline and Fern Cayer of Rumford, who plans to study business at St. Anselm College.

Dirigo High School: Rachel Child, daughter of Thomas and Pamela Child of Dixfield, who plans to study business management at Husson University.

"This is a great group of young people. They've worked very hard to achieve many great things while in high school. It's our pleasure to help them pursue their goals for higher education. I'm confident they will continue to succeed," said Peter Judkins, President and CEO at Franklin Savings Bank.

Scholarships from the Franklin Savings Bank Community Development Foundation were awarded to students who plan to attend a four-year college with studies concentrating in accounting, finance, marketing, management, computer sciences or other business related courses.

The graduating seniors were selected as Franklin Scholars based largely on high academic achievement, which alone represented 70 percent of the criteria for scholarship selection. The remaining 30 percent was based on community citizenship, participation in extracurricular activities, such as athletics, band, school clubs or drama, and financial need.

The bank's Community Development Foundation grants the scholarships to the schools, which select the student and administer the scholarship.