CONTRACTAPPROVED

Franklin County School District Awards $7,500,000 Line Of Credit Contract to Centennial Bank (June 2025)

Franklin County School District
Disclosed value
$7,500,000
From resolution
Approved
Jun 26, 2025
Term
12 months

The 30-second brief

What it covers

Franklin County School District has approved a $7.5 million line of credit from Centennial Bank to cover operating expenses, beginning July 1, 2025, and ending June 30, 2026. The non-revolving credit line will be evidenced by a Master Note, with draws repaid from pledged revenues.

Who holds it

Centennial Bank holds this line of credit contract with Franklin County School District. Its other public contracts on record include work for Arkansas State University Mid-South and Florida Keys Mosquito Control District.

What happens next

Term as filed: 12 months.

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Contract details

Contract type
Line Of Credit
Amount
$7,500,000
Document date
June 26, 2025
Term
12 months
Source document
franklin-county-school-district-resolution-2025-001-tax-anticipation-note-2025-2026_0b5.pdf (Resolution)

Centennial Bank's other public contracts

More Franklin County School District contracts

Questions about this contract

Who was awarded the line of credit contract by Franklin County School District?

Centennial Bank was awarded this line of credit contract by Franklin County School District, as recorded on June 26, 2025. The contract value is $7,500,000.

How much is the Centennial Bank contract with Franklin County School District worth?

The Centennial Bank contract with Franklin County School District is valued at $7,500,000, covering line of credit work.

What type of contract is this?

This is a Line Of Credit contract, documented as a resolution record.

Where was this contract approved?

This contract appears in franklin-county-school-district-resolution-2025-001-tax-anticipation-note-2025-2026_0b5.pdf (Resolution), dated June 26, 2025 from Franklin County School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Centennial Bank hold?

Centennial 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 Franklin County School District currently buying?

Explore Franklin County School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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