CONTRACTPENDING

District to secure $3M credit line for cash flow

Disclosed value: $3,000,000; From agenda
Document date: Aug 12, 2025
Term: Until December 31, 2025

What it covers

Lakeland School District intends to secure a $3,000,000 line of credit from People’s Security Bank and Trust at 5.99% interest. The credit line will provide operational cash flow coverage during the 2025-2026 state budget impasse and will mature on December 31, 2025.

Who holds it

People’s Security Bank & Trust holds this financial services contract with Lakeland School Corporation. Its other public contracts on record include work for Northampton county Housing Authority and Arts Academy Elementary CS.

What happens next

Term as filed: Until December 31, 2025.

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Contract details

Contract type: Financial Services
Amount: $3,000,000
Document date: August 12, 2025
Term: Until December 31, 2025
Vendor: People’s Security Bank & Trust
Agency: Lakeland School Corporation
Source document: lakeland-school-board-special-board-meeting-agenda-august-12-2025_3d7.pdf (Agenda)

People’s Security Bank & Trust's other public contracts

Northampton county Housing Authority, PennsylvaniaHousing Authority Plans Bank Credit Card Application · Oct 26, 2026Undisclosed Arts Academy Elementary CS, PennsylvaniaSchool Adds Authorized Signer at People’s Security Bank · Aug 24, 2026Undisclosed Borough of Ashley, PennsylvaniaAshley Borough Authorizes Backhoe Financing · Jun 24, 2026Undisclosed Wyoming Area SD, PennsylvaniaPeople’s Security Bank Named District Depository · Dec 3, 2025Undisclosed Parkland SD, PennsylvaniaSchool District Moves Banking to People’s Security Bank & Trust · Apr 11, 2023Undisclosed All People’s Security Bank & Trust contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by Lakeland School Corporation?

People’s Security Bank & Trust was awarded this financial services contract by Lakeland School Corporation, as recorded on August 12, 2025. The contract value is $3,000,000.

How much is the People’s Security Bank & Trust contract with Lakeland School Corporation worth?

The People’s Security Bank & Trust contract with Lakeland School Corporation is valued at $3,000,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in lakeland-school-board-special-board-meeting-agenda-august-12-2025_3d7.pdf (Agenda), dated August 12, 2025 from Lakeland School Corporation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does People’s Security Bank & Trust hold?

People’s Security Bank & 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.

What is Lakeland School Corporation currently buying?

Explore Lakeland School Corporation's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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