FINANCIAL_SERVICESAPPROVED

Salem School District Awards Financial Services Contract to Bank of Salem (July 2025)

The Salem School Board approved an Act 1599 resolution to continue its banking relationship with Bank of Salem for the 2025-2026 and 2026-2027 school years. Board member Jason Miller recused himself due to his employment with the bank.

Status
APPROVED
Document date
July 21, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Bank of Salem
Agency
Salem School District · AR

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Derivita logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
Two additional school years, 2025-2026 and 2026-2027
Renewal date
2027-06-30
Renewal
Two-year continuation of banking services under Act 1599; future continuation beyond 2026-2027 will require additional board approval.
Document type
Minutes
Source document
Salem School District Board Minutes July 2025

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Salem School District?

Bank of Salem was awarded this financial services contract by Salem School District, as recorded on July 21, 2025.

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 Salem School District Board Minutes July 2025 (Minutes), dated July 21, 2025 from Salem School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bank of Salem hold?

Bank of Salem may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Bank of Salem's profile

What is Salem School District currently buying?

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

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