FINANCIAL_SERVICESAPPROVED

Borough of Scottdale Awards Financial Services Contract to Midpenn Bank (March 2026)

The Borough of Scottdale approved a 6-month certificate of deposit with MidPenn Bank at a 3.96% rate. The decision follows RFPs sent to area banks and a committee recommendation.

Status
APPROVED
Document date
March 9, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Midpenn Bank
Agency
Borough of Scottdale · PA

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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
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
3.96% interest (rate), 6-month CD
Contract type
FINANCIAL_SERVICES
Contract term
6 months, from 3/23/2026
Renewal date
2026-09-23
Renewal
Upon maturity, renewal may be considered upon council review of available rates.
Document type
Minutes
Source document
Borough of Scottdale Minutes Meeting Minutes 2026-03-09

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Borough of Scottdale?

Midpenn Bank was awarded this financial services contract by Borough of Scottdale, as recorded on March 9, 2026. The contract value is 3.96% interest (rate), 6-month CD.

How much is the Midpenn Bank contract with Borough of Scottdale worth?

The Midpenn Bank contract with Borough of Scottdale is valued at 3.96% interest (rate), 6-month CD, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Borough of Scottdale Minutes Meeting Minutes 2026-03-09 (Minutes), dated March 9, 2026 from Borough of Scottdale. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Midpenn Bank hold?

Midpenn 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 Midpenn Bank's profile

What is Borough of Scottdale currently buying?

Explore Borough of Scottdale's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Borough of Scottdale's profile

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