Allentown Neighborhood Improvement Zone Development Authority Awards Financial Services Contract to Peoples Security Bank & Trust Company (November 2026)
Allentown Neighborhood Improvement Zone Development AuthoritySpecial District · Allentown, PA- Disclosed value
- $4,819,903.65, plus the remaining excess NIZ Revenue for 2025 held in the Surplus Fund as of December 1, 2026
- From resolution
- Approved
- Nov 4, 2026
- Renews
- Free account
The 30-second brief
The Allentown Neighborhood Improvement Zone Development Authority authorized a $4.82 million payment to Peoples Security Bank and Trust Company to reduce outstanding Credit Facility debt. The Authority also authorized payment of remaining excess 2025 NIZ Revenue as of December 1, 2026.
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.
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Contract details
- Contract type
- Financial Services
- Amount
- $4,819,903.65, plus the remaining excess NIZ Revenue for 2025 held in the Surplus Fund as of December 1, 2026
- Document date
- November 4, 2026
- Term
- Credit Facility authorized August 5, 2020; Loan Modification Agreement executed December 9, 2020; Note Modification Agreement executed December 14, 2020; paydown authorized November 4, 2026
- Renews
- On record
- Vendor
- Peoples Security Bank & Trust Company
- Source document
- Allentown Neighborhood Improvement Zone Development Authority Resolution R-2026-368, R-2026-369, R-2026-370, R-2026-371 2026-11-04 (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 November 4, 2026. The contract value is $4,819,903.65, plus the remaining excess NIZ Revenue for 2025 held in the Surplus Fund as of December 1, 2026.
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 $4,819,903.65, plus the remaining excess NIZ Revenue for 2025 held in the Surplus Fund as of December 1, 2026, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a resolution record.
Where was this contract approved?
This contract appears in Allentown Neighborhood Improvement Zone Development Authority Resolution R-2026-368, R-2026-369, R-2026-370, R-2026-371 2026-11-04 (Resolution), dated November 4, 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.