TD Bank Named Paying Agent for $20.45M Bond Issue
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Description
Ridley School District approved a contract with TD Bank, National Association to serve as sinking fund depository, paying agent, and registrar for the new $20.45 million General Obligation Bonds, Series of 2026. Services cover disbursement of principal and interest, recordkeeping, and redemption administration through bond maturity.
Contract Details
Vendor
TD BANK NATIONAL ASSOCIATION
Agency
Ridley SD, PA
Contract Type
FINANCIAL_SERVICES
Document Date
February 2, 2026
Contract Term
Through final maturity, not later than December 31, 2033
Renewal Date
2033-12-31
Renewal Info
Successor bank provisions in case of merger or acquisition are included; contract lasts through final maturity or until replaced by board action.
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