CONTRACTPENDING

Lakeland School District seeks $3M line of credit

Disclosed value: $3,000,000; From minutes
Document date: Aug 12, 2025
Term: Until December 31, 2025

What it covers

Lakeland School District seeks $3M line of credit from People's Security Bank and Trust to maintain cash flow until Pennsylvania budget impasse resolves. The line of credit has a 5.99% interest rate and matures on December 31, 2025.

Who holds it

Peoples Security Bank & Trust holds this line of credit contract with Lakeland School Corporation. Its other public contracts on record include work for Borough of Ashley and City of Chino.

What happens next

Term as filed: Until December 31, 2025.

See who signed off on this $3M contract.

See who signed off

Free account · 30-second setup · No credit card

Contract details

Contract type: Line Of Credit
Amount: $3,000,000
Document date: August 12, 2025
Term: Until December 31, 2025
Vendor: Peoples Security Bank & Trust
Agency: Lakeland School Corporation
Source document: lakeland_school_board_special_meeting_minutes_augu.pdf (Minutes)

Peoples Security Bank & Trust's other public contracts

Borough of Ashley, PennsylvaniaAshley Borough Approves Tax Note Payoff to Peoples Security Bank · Aug 11, 2026$207.1K City of Chino, CaliforniaChino Purchases Peoples Security Bank CD · Jun 30, 2026$245K Town of Clifton, PennsylvaniaClifton Township Approves Peoples Security Remote Deposit · May 21, 2026 Susquehanna Community SD, PennsylvaniaDistrict Considers Peoples Security Bank as Depository · May 13, 2026Undisclosed Susquehanna Community SD, PennsylvaniaDistrict Funds Depository Renewed with Peoples Bank · May 13, 2026Undisclosed All Peoples Security Bank & Trust contractsVendor profile

More Lakeland School Corporation contracts

COREBRIDGELakeland Board Considers Corebridge 403(b) Agreement · Sep 30, 2026Undisclosed Davidson, ZaneLakeland Board Considers Percussion Consultant Appointment · Sep 30, 2026Undisclosed Blaize, TraciLakeland Board Considers Easement Agreement with Blaize · Sep 30, 2026Undisclosed Stepping Stones GroupLakeland Considers Stepping Stones Group Agreement · Sep 9, 2026Undisclosed Go FoundationLakeland Considers GO Foundation Lease Agreement · Sep 9, 2026Undisclosed All Lakeland School Corporation activityAgency profile

Questions about this contract

Who was awarded the line of credit contract by Lakeland School Corporation?

Peoples Security Bank & Trust was awarded this line of credit contract by Lakeland School Corporation, as recorded on August 12, 2025. The contract value is $3,000,000.

How much is the Peoples Security Bank & Trust contract with Lakeland School Corporation worth?

The Peoples Security Bank & Trust contract with Lakeland School Corporation is valued at $3,000,000, covering line of credit work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in lakeland_school_board_special_meeting_minutes_augu.pdf (Minutes), dated August 12, 2025 from Lakeland School Corporation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

Show 2 more questions

What other contracts does Peoples Security Bank & Trust hold?

Peoples Security Bank & Trust 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 Lakeland School Corporation currently buying?

Explore Lakeland School Corporation's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

Work in government? Get Civic IQ free →

More Lakeland School Corporation contracts →Browse all agencies in Indiana →