Borough of Scottdale Awards Financial Services Contract to Midpenn Bank (September 2026)
Borough of ScottdaleCity · Scottdale, PA- Disclosed value
- $2,000,000 at 3.92% for six months and $1,667,184 at 4.01% for 12 months; total $3,667,184
- From minutes
- Approved
- Sep 2, 2026
The 30-second brief
Scottdale Borough Council approved reinvesting $3,667,184 in certificates of deposit with MidPenn Bank. The Borough will place $2 million for six months at 3.92% and $1,667,184 for 12 months at 4.01%.
Midpenn Bank holds this financial services contract with Borough of Scottdale. Its other public contracts on record include work for Merchantville Pennsauken Water Commission and Brockway Area SD.
Term as filed: Six months for $2,000,000; 12 months for $1,667,184.
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Contract details
- Contract type
- Financial Services
- Amount
- $2,000,000 at 3.92% for six months and $1,667,184 at 4.01% for 12 months; total $3,667,184
- Document date
- September 2, 2026
- Term
- Six months for $2,000,000; 12 months for $1,667,184
- Vendor
- Midpenn Bank
- Agency
- Borough of Scottdale
- Source document
- Borough Of Scottdale Minutes Council Meeting 2026-09-02 (Minutes)
Midpenn Bank's other public contracts
More Borough of Scottdale contracts
Questions about this contract
Who was awarded the financial services contract by Borough of Scottdale?
Midpenn Bank was awarded this financial services contract by Borough of Scottdale, as recorded on September 2, 2026. The contract value is $2,000,000 at 3.92% for six months and $1,667,184 at 4.01% for 12 months; total $3,667,184.
How much is the Midpenn Bank contract with Borough of Scottdale worth?
The Midpenn Bank contract with Borough of Scottdale is valued at $2,000,000 at 3.92% for six months and $1,667,184 at 4.01% for 12 months; total $3,667,184, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Borough Of Scottdale Minutes Council Meeting 2026-09-02 (Minutes), dated September 2, 2026 from Borough of Scottdale. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Midpenn Bank hold?
Midpenn 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 Borough of Scottdale currently buying?
Explore Borough of Scottdale's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.