Elmbrook School District Awards Financial Services Contract to Town Bank Na (October 2026)

The School District of Elmbrook authorized a taxable revolving line of credit with Town Bank, N.A., for up to $5 million to fund immediate operating and instructional expenses. The 5% fixed-rate facility permits draws through June 30, 2027, with full repayment due by November 1, 2027.

Document date · October 13, 2026

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Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $5,000,000

Contract type

FINANCIAL_SERVICES

Contract term

November 3, 2026 – November 1, 2027; no draws after June 30, 2027

Renewal date

2027-11-01

Renewal

The commitment may be extended by the Bank before December 31, 2026 if loan documentation is not completed by that date; no recurring renewal option is otherwise stated.

Document type

Resolution

Source document

School District of Elmbrook Resolution Promissory Note for Cash Flow Purposes 2026-10-13

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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 Na was awarded this financial services contract by Elmbrook School District, as recorded on October 13, 2026. The contract value is Not to exceed $5,000,000.

How much is the Town Bank Na contract with Elmbrook School District worth?

The Town Bank Na contract with Elmbrook School District is valued at Not to exceed $5,000,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in School District of Elmbrook Resolution Promissory Note for Cash Flow Purposes 2026-10-13 (Resolution), dated October 13, 2026 from Elmbrook School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Town Bank Na hold?

Town Bank Na 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 Na's profile

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