Hanmi Bank Credit Line Renewed for 2026-2027 | Desert Sands Charter | HANMI BANK

Scope & details

The full contract record, as filed.

Contract amount

$4M

Contract type

FINANCIAL_SERVICES

Contract term

2026-2027 school year

Renewal date

2027-06-30

Renewal

Current agreement renewed for the 2026-2027 school year; borrowing only as necessary to maintain cash flow. Interest rate set at the higher of fixed 3.75% or prime plus 0.5%; current rate noted as 7.25%.

Document type

Minutes

Source document

Desert Sands Charter High School Minutes Regular Board Meeting 2026-06-04

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Desert Sands Charter?

Hanmi Bank was awarded this financial services contract by Desert Sands Charter, as recorded on June 4, 2026. The contract value is $4M.

How much is the Hanmi Bank contract with Desert Sands Charter worth?

The Hanmi Bank contract with Desert Sands Charter is valued at $4M, 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 Desert Sands Charter High School Minutes Regular Board Meeting 2026-06-04 (Minutes), dated June 4, 2026 from Desert Sands Charter. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Hanmi Bank hold?

Hanmi 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.

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What is Desert Sands Charter currently buying?

Explore Desert Sands Charter's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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