FINANCIAL_SERVICESAPPROVED

Elmbrook School District Awards Financial Services Contract to Town Bank N.a. (October 2025)

The School District of Elmbrook entered into a taxable revolving line of credit with Town Bank, N.A. for up to $9,000,000 at a fixed 5.25% interest rate to support cash flow and operating expenses for the 2025-2026 school year. The master note allows revolving draws through June 30, 2026, with all principal and interest due by November 1, 2026, secured by pledged taxes and other current year revenues.

Status
APPROVED
Document date
October 21, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Town Bank N.a.
Agency
Elmbrook School District · WI

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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
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $9,000,000
Contract type
FINANCIAL_SERVICES
Contract term
Date of Note October 21, 2025 through Maturity Date November 1, 2026; no draws after June 30, 2026; interest paid monthly
Renewal date
2026-11-01
Renewal
Master taxable tax and revenue anticipation promissory note functioning as a revolving line of credit for the 2025-2026 school year, maturing November 1, 2026; no explicit renewal or extension options stated. Any future borrowing for subsequent years would require a new resolution, commitment, and note.
Document type
Agreement
Source document
School District of Elmbrook Agreement Taxable Revolving Line of Credit 2025-10-21

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Frequently asked questions

Common questions about this contract, answered from the record.

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

Town Bank N.a. was awarded this financial services contract by Elmbrook School District, as recorded on October 21, 2025. The contract value is Not to exceed $9,000,000.

How much is the Town Bank N.a. contract with Elmbrook School District worth?

The Town Bank N.a. contract with Elmbrook School District is valued at Not to exceed $9,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agreement record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in School District of Elmbrook Agreement Taxable Revolving Line of Credit 2025-10-21 (Agreement), dated October 21, 2025 from Elmbrook School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Town Bank N.a. hold?

Town Bank N.a. 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 Town Bank N.a.'s profile

What is Elmbrook School District currently buying?

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

View Elmbrook School District's profile

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