CONTRACTONGOING

Cafeteria Fund investment with 1st Summit bank

Disclosed value: $197,352.06; From report
Document date: May 31, 2026
Term: 10/21/25 – 10/21/26

What it covers

Altoona Area School District invests $197,352.06 of Cafeteria Fund reserves with 1st Summit at 3.76% interest through October 21, 2026. The investment generates interest income for food service operations.

Who holds it

1st Summit holds this financial services contract with Altoona Area SD. Its other public contracts on record include work for Town of Frankstown.

What happens next

Term as filed: 10/21/25 – 10/21/26.

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Contract details

Contract type: Financial Services
Amount: $197,352.06
Document date: May 31, 2026
Term: 10/21/25 – 10/21/26
Vendor: 1st Summit
Agency: Altoona Area SD
Source document: Altoona Area School District Investment Report 2026-05-31 (Report)

1st Summit's other public contracts

Town of Frankstown, PennsylvaniaTownship Reviews 1st Summit Sewer Escrow Account · Sep 29, 2026Undisclosed Town of Frankstown, PennsylvaniaTownship Approves 1st Summit Remittance Payments · Sep 1, 2026$39.2K Town of Frankstown, Pennsylvania1ST SUMMIT Handles Township Tax Payments · Aug 4, 2026$3.6K Altoona Area SD, PennsylvaniaCafeteria Fund CD Held With 1st Summit · Jul 31, 2026197,352.06 Town of Frankstown, Pennsylvania1st Summit Handles Township IRS and State Tax Payment · Apr 7, 2026$3.5K All 1st Summit contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by Altoona Area SD?

1st Summit was awarded this financial services contract by Altoona Area SD, as recorded on May 31, 2026. The contract value is $197,352.06.

How much is the 1st Summit contract with Altoona Area SD worth?

The 1st Summit contract with Altoona Area SD is valued at $197,352.06, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a report record.

Where was this contract approved?

This contract appears in Altoona Area School District Investment Report 2026-05-31 (Report), dated May 31, 2026 from Altoona Area SD. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does 1st Summit hold?

1st Summit 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 Altoona Area SD currently buying?

Explore Altoona Area SD's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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