Harrison County School District Minutes Regular Meeting 2026-05-19
Bank Services Contract Awarded to Peoples Bank
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Description
The Harrison County Board of Education awarded its banking services contract to Peoples Bank for the period July 1, 2026 through June 30, 2029. Peoples Bank offered a Fed Funds rate minus 0.10% with a guaranteed minimum of 1.5%. The contract covers all operating accounts including Treasurer, Accounts Payable, and Payroll.
Contract Details
Contract Amount
Interest rate: Target Fed Funds rate minus 0.10% (minimum guaranteed rate 1.5%)
Vendor
PEOPLES BANK
Agency
Harrison County School District, WV
Contract Type
FINANCIAL_SERVICES
Document Date
May 19, 2026
Contract Term
July 1, 2026 – June 30, 2029
Renewal Date
2029-06-30
Renewal Info
Three-year term with no express auto-renewal. Bank services contracts renewed every three years via RFP per district policy.
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