Allentown Neighborhood Improvement Zone Development Authority Awards Financial Services Contract to Peoples Security Bank & Trust Company (June 2026)
Allentown Neighborhood Improvement Zone Development AuthoritySpecial District · Allentown, PA- Disclosed value
- $5,850,057.42 outstanding as of May 29, 2026, plus accrued interest
- From resolution
- Approved
- Jun 3, 2026
The 30-second brief
The Allentown Neighborhood Improvement Zone Development Authority authorized payment of $5,850,057.42 plus accrued interest to Peoples Security Bank and Trust Company to pay down its outstanding Credit Facility debt. The facility was authorized in 2020 and modified through loan and note agreements executed in December 2020.
Peoples Security Bank & Trust Company holds this financial services contract with Allentown Neighborhood Improvement Zone Development Authority. Its other public contracts on record include work for Northeastern Educational IU 19 and Luzerne County Redevelopment Authority.
Term as filed: Credit Facility authorized August 5, 2020; loan and note modification agreements executed December 9 and December 14, 2020; as modified; ongoing.
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Contract details
- Contract type
- Financial Services
- Amount
- $5,850,057.42 outstanding as of May 29, 2026, plus accrued interest
- Document date
- June 3, 2026
- Term
- Credit Facility authorized August 5, 2020; loan and note modification agreements executed December 9 and December 14, 2020; as modified; ongoing
- Vendor
- Peoples Security Bank & Trust Company
- Source document
- Allentown Neighborhood Improvement Zone Development Authority Resolution Resolution R-2026-358 2026-06-03 (Resolution)
Peoples Security Bank & Trust Company's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Allentown Neighborhood Improvement Zone Development Authority?
Peoples Security Bank & Trust Company was awarded this financial services contract by Allentown Neighborhood Improvement Zone Development Authority, as recorded on June 3, 2026. The contract value is $5,850,057.42 outstanding as of May 29, 2026, plus accrued interest.
How much is the Peoples Security Bank & Trust Company contract with Allentown Neighborhood Improvement Zone Development Authority worth?
The Peoples Security Bank & Trust Company contract with Allentown Neighborhood Improvement Zone Development Authority is valued at $5,850,057.42 outstanding as of May 29, 2026, plus accrued interest, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Allentown Neighborhood Improvement Zone Development Authority Resolution Resolution R-2026-358 2026-06-03 (Resolution), dated June 3, 2026 from Allentown Neighborhood Improvement Zone Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What is Allentown Neighborhood Improvement Zone Development Authority currently buying?
Explore Allentown Neighborhood Improvement Zone Development Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.