Salem Five Bank has created the "Believe in Lynn Scholarships" for North Shore Community College (NSCC) students.

Those who are eligible for the scholarship must either be Lynn residents or have graduated from the Lynn school system within the past three years, according to a statement. Applicants must also be enrolled in NSCC’s business administration, management, marketing or accounting programs. Scholarship recipients will be required to work in paid, part-time positions at a Salem Five branch in Lynn during two school semesters while attending NSCC.

"The Salem Five Believe in Lynn Scholarships are perfectly aligned with the strategic thrust of the Salem Five Charitable Foundation, which specifically supports the areas of financial literacy, economic self-sufficiency and workforce development," said Martha Acworth, chief marketing officer at Salem Five. "We have believed strongly in Lynn for decades, and see great opportunity for the future of our many employees, customers, small businesses and large companies based in Lynn."

Scholarships will range from $750 to $1,500.