Somerset Bank CD Rates Considered by Scottdale Borough
Borough of ScottdaleCity · Scottdale, PA- Disclosed value
- Rates quoted: 3.85% for one month, three months, six months, and 12 months
- From minutes
- Document date
- Sep 2, 2026
The 30-second brief
Scottdale Borough Council reviewed Somerset Bank's certificate-of-deposit rate proposal while considering reinvestment options. The Borough ultimately selected MidPenn Bank for the CD placements.
Somerset Bank holds this financial services contract with Borough of Scottdale. Its other public contracts on record include work for Town of North Huntingdon and Frazier SD.
Term as filed: Rate options for one-month, three-month, six-month, and 12-month CDs.
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Contract details
- Contract type
- Financial Services
- Amount
- Rates quoted: 3.85% for one month, three months, six months, and 12 months
- Document date
- September 2, 2026
- Term
- Rate options for one-month, three-month, six-month, and 12-month CDs
- Vendor
- Somerset Bank
- Agency
- Borough of Scottdale
- Source document
- Borough Of Scottdale Minutes Council Meeting 2026-09-02 (Minutes)
Somerset 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?
Somerset Bank was awarded this financial services contract by Borough of Scottdale, as recorded on September 2, 2026. The contract value is Rates quoted: 3.85% for one month, three months, six months, and 12 months.
How much is the Somerset Bank contract with Borough of Scottdale worth?
The Somerset Bank contract with Borough of Scottdale is valued at Rates quoted: 3.85% for one month, three months, six months, and 12 months, 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 Somerset Bank hold?
Somerset 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.