First Horizon Bank Named Escrow Agent for Collateral

First Horizon Bank is designated as Escrow Agent to hold collateral pledged by South Central Bank securing Russellville Independent Board of Education funds under a bond term up to two years beginning July 1, 2026. The bank will maintain safekeeping receipts and handle settlement documentation upon any termination.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Not to exceed two (2) years, beginning July 1, 2026 (escrow role aligned to depository bond term)

Renewal

Escrow responsibilities are tied to the life of the depository bond and escrow deposit; termination of the bond triggers settlement and effectively ends the escrow arrangement unless renewed with a new bond.

Document type

Agreement

Source document

Russellville Independent Board of Education Pledge of Collateral Agreement 2026-07-20

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Russellville Independent School District?

First Horizon Bank was awarded this financial services contract by Russellville Independent School District, as recorded on July 20, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agreement record.

Where was this contract approved?

This contract appears in Russellville Independent Board of Education Pledge of Collateral Agreement 2026-07-20 (Agreement), dated July 20, 2026 from Russellville Independent School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First Horizon Bank hold?

First Horizon 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.

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What is Russellville Independent School District currently buying?

Explore Russellville Independent School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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First Horizon Bank Named Escrow Agent for Collateral

Scope & details

Related contracts

Frequently asked questions

Who was awarded the financial services contract by Russellville Independent School District?

What type of contract is this?

Where was this contract approved?

What other contracts does First Horizon Bank hold?

What is Russellville Independent School District currently buying?

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