School Administrative District 27 Awards Banking Services Contract to Katahdin Trust (May 2025)

MSAD 27 to enter into a contract for Banking Services with Katahdin Trust for 3 years with the option to extend at the discretion of the district. Decision was primarily based on the following: they operate a Branch located within the Greater Fort Kent area (which we considered to be a 15-20 minute drive - this was one of our must-have criteria in the RFP), they can provide all of the services we asked for, have fewer items with fees attached, and/or waived fees and based on the proposals, can provide investments at better interest rates.

Scope & details

The full contract record, as filed.

Contract amount

Contract type

Banking Services

Contract term

3 years

Document type

Minutes

Source document

school-administrative-district-27-meeting-minutes-may-19-2025_8c5.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the banking services contract by School Administrative District 27?

Katahdin Trust was awarded this banking services contract by School Administrative District 27, as recorded on May 19, 2025.

What type of contract is this?

This is a Banking Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in school-administrative-district-27-meeting-minutes-may-19-2025_8c5.pdf (Minutes), dated May 19, 2025 from School Administrative District 27. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Katahdin Trust hold?

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

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