FINANCIAL_SERVICESAWARDED

River Valley SD Awards Financial Services Contract to First Commonwealth Bank (July 2026)

River Valley School District approved the private sale of its Tax and Revenue Anticipation Note, Series 2026-27, to First Commonwealth Bank for up to $4,000,000 at an interest rate not to exceed 6.00%. The short-term note, a general obligation of the district secured by a first lien on taxes and revenues, will be repaid with monthly interest payments and full maturity no later than March 31, 2027.

Status
AWARDED
Document date
July 1, 2026
Contract type
FINANCIAL_SERVICES
Vendor
First Commonwealth Bank
Agency
River Valley SD · PA

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TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $4,000,000 principal; interest not to exceed 6.00%
Contract type
FINANCIAL_SERVICES
Contract term
From issuance in July 2026 through maturity on March 31, 2027; interest payable monthly
Renewal date
2027-03-31
Renewal
This is a single-series tax and revenue anticipation note maturing March 31, 2027; no renewal or extension options are described in the resolution.
Document type
Resolution
Source document
River Valley School District Resolution Tax and Revenue Anticipation Note 2026-07-01

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by River Valley SD?

First Commonwealth Bank was awarded this financial services contract by River Valley SD, as recorded on July 1, 2026. The contract value is Not to exceed $4,000,000 principal; interest not to exceed 6.00%.

How much is the First Commonwealth Bank contract with River Valley SD worth?

The First Commonwealth Bank contract with River Valley SD is valued at Not to exceed $4,000,000 principal; interest not to exceed 6.00%, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in River Valley School District Resolution Tax and Revenue Anticipation Note 2026-07-01 (Resolution), dated July 1, 2026 from River Valley SD. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First Commonwealth Bank hold?

First Commonwealth Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View First Commonwealth Bank's profile

What is River Valley SD currently buying?

Explore River Valley SD's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View River Valley SD's profile

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