FARMINGTON — Franklin Savings Bank’s Community Development Foundation has awarded $30,000 college scholarships to 11 local students. The scholarships are generally $3,000 each, although Madison Area Memorial High School opted to split its scholarship into two this year. The bank awards the scholarships per year to students from nine local schools.

The 2014 Franklin Scholars are:

Spruce Mountain High School: Maria Castonguay, of Jay, daughter of Roland and Carrie Castonguay, plans to major in business at the University of Southern Maine.

Mt. Blue High School: Katherine Hayes, of Farmington, daughter of Daniel and Jacqueline Hayes, plans to major in business marketing at Brigham Young University; Danika Morin, of Wilton, daughter of Danielle Savage, plans to major in accounting at Thomas College.

Rangeley Lakes Regional School: Brianna Hall, of Rangeley, daughter of Heidi Sorensen, plans to major in international business at American University.

Mountain Valley High School: Elizabeth Adley, of Rumford, daughter of Brad and Susan Adley, plans to major in accounting at Husson University.

Mt. Abram High School: Holley Barker, of Avon, daughter of Cecil Barker and Barbara Auger, plans to major in interactive media at the University of Maine at Farmington.

Dirigo High School: Seth Tacheny, of Dixfield, son of Alan and Carrie Tacheny, plans to major in international business and logistics at Maine Maritime Academy.

Skowhegan High School: Shelby Watson, of Skowhegan, daughter of Rich and Karie Watson, plans to major in business management at Thomas College.

Carrabec High School: Troy Dunphy Jr., of North Anson, son of Troy and Judith Dunphy, plans to major in business management at Bentley University.

Madison Area Memorial High School: Emily McKenney, of Madison, daughter of Dan McKenney and Jennifer Hight, plans to major in accounting at Roger Williams University; Phillip Collins, of Athens, son of Erin Griffeth, plans to major in computer science at UMF.

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 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 extra-curricular 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.