FARMINGTON — Franklin Savings Bank’s Community Development Foundation has awarded $3,000 each to two Franklin Scholars from River Valley.

Mountain Valley High School: Kera Marie Miller of Rumford, daughter of Pamela and Barry Miller. She plans to major in marketing and another subject at the University of Maine at Orono.

Dirigo High School: Jeffrey Colpitts of Peru, son of Richard and Marilee Colpitts, plans to major in international business and business administration at UMO.

Scholarships from the bank 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 based largely on high academic achievement, which represented 70 percent of the criteria for scholarship selection. The remaining 30 percent was based on community citizenship, participation in extracurricular activities and financial need.

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