The Dr. William L. Pfeiffer Scholarship, established and sponsored by the Albany Savings Bank, recognizes the deep personal commitment which Dr. Pfeiffer has exhibited toward higher education, the banking and business communities, and politics, as well as regional, state, and national affairs. Two scholarships are awarded to upperclass students with an interest in business, banking or political science. The scholarship will be based on financial need and academic eligibility. Preference is given to New York State residents and the scholarship may be renewed.