CONTRACTONGOING

Short-term General Fund investment at Reliance Bank

Disclosed value: $3,000,000.00; From report
Document date: May 31, 2026
Term: 01/26/26 – 05/26/26

What it covers

The district invested $3,000,000.00 of General Fund reserves with Reliance Bank at a 3.90% rate through May 26, 2026. This placement supports cash management and interest earnings.

Who holds it

Reliance Bank holds this financial services contract with Altoona Area SD. Its other public contracts on record include work for State College Area SD and Greater Altoona Career & Technology Center.

What happens next

Term as filed: 01/26/26 – 05/26/26.

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Contract details

Contract type: Financial Services
Amount: $3,000,000.00
Document date: May 31, 2026
Term: 01/26/26 – 05/26/26
Vendor: Reliance Bank
Agency: Altoona Area SD
Source document: Altoona Area School District Investment Report 2026-05-31 (Report)

Reliance Bank's other public contracts

Altoona Area SD, PennsylvaniaGeneral Fund CD Reported With Reliance Bank · Jul 31, 20263,000,000.00 Altoona Area SD, PennsylvaniaGeneral Fund CD Reported With Reliance Bank · Jul 31, 20263,000,000.00 State College Area SD, PennsylvaniaReliance Bank Named as District Depository · Jun 1, 2026Undisclosed Greater Altoona Career & Technology Center, PennsylvaniaGACTC Approves Reliance Bank Depository · May 26, 2026Undisclosed Greater Altoona Career and Technology Center, PennsylvaniaReliance Bank Designated as School Depository · May 23, 2026Undisclosed All Reliance Bank contractsVendor profile

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Questions about this contract

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

Reliance Bank was awarded this financial services contract by Altoona Area SD, as recorded on May 31, 2026. The contract value is $3,000,000.00.

How much is the Reliance Bank contract with Altoona Area SD worth?

The Reliance Bank contract with Altoona Area SD is valued at $3,000,000.00, 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 Reliance Bank hold?

Reliance 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 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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