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Somerset County Secures $9.9M Line of Credit

Town of Middlecreek
Disclosed value
$9,900,000
From agenda
Document date
Oct 21, 2025
Term
1 year

The 30-second brief

What it covers

Somerset County is securing a one-year, $9.9 million non-revolving line of credit from First National Bank at a fixed interest rate of 4.29% to cover county revenue shortfalls during the pending adoption of a State Budget.

Who holds it

First National Bank holds this line of credit contract with Town of Middlecreek. Its other public contracts on record include work for Kalamazoo Library District and City of Miami.

What happens next

Term as filed: 1 year.

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Contract details

Contract type
Line Of Credit
Amount
$9,900,000
Document date
October 21, 2025
Term
1 year
Vendor
First National Bank
Agency
Town of Middlecreek
Source document
somerset_county_commissioners_regular_meeting_agen.pdf (Agenda)

First National Bank's other public contracts

Kalamazoo Library District, MichiganLibrary Maintains Investment Accounts With First National · Oct 23, 2026UndisclosedCity of Miami, OklahomaCity Presents First National Bank Charges · Oct 20, 2026$17KCity of Miami, OklahomaMSUA Approves First National Mortgage Payment · Oct 20, 2026$1.2KCity of Keiser, ArkansasKeiser Discusses First National Bank Banking Proposal · Oct 19, 2026UndisclosedPender Public Schools, NebraskaPender Approves First National Bank Payment · Oct 19, 2026$7.2KAll First National Bank contractsVendor profile

More Town of Middlecreek contracts

555 Group LLCCounty Plans Three-Year Lease With 555 Group LLC · Jul 29, 2026Somerset County General AuthorityLease with Somerset County General Authority Extended to 2029 · Jul 28, 2026UndisclosedAlternative Living Solutions - Latrobe PaAlternative Living Solutions Program Rates Increased · Jul 28, 2026Csi Corporate Security & Investigations - Monaca PaCSI Security & Investigations Rate Confirmed at $110/Hour · Jul 28, 2026Merberger, StephanieCounty Contracts Stephanie Merberger for Child Advocacy Center · Jul 28, 2026All Town of Middlecreek activityAgency profile

Questions about this contract

Who was awarded the line of credit contract by Town of Middlecreek?

First National Bank was awarded this line of credit contract by Town of Middlecreek, as recorded on October 21, 2025. The contract value is $9,900,000.

How much is the First National Bank contract with Town of Middlecreek worth?

The First National Bank contract with Town of Middlecreek is valued at $9,900,000, covering line of credit work.

What type of contract is this?

This is a Line Of Credit contract, documented as a agenda record.

Where was this contract approved?

This contract appears in somerset_county_commissioners_regular_meeting_agen.pdf (Agenda), dated October 21, 2025 from Town of Middlecreek. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does First National Bank hold?

First National 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.

What is Town of Middlecreek currently buying?

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

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