FINANCIAL_SERVICESDISCUSSED

District Compares Lake Ridge Bank Credit-Line Offer

Evansville Community School District compared Lake Ridge Bank's proposed one-year credit-line terms with Bank of New Glarus. Lake Ridge's offer carried a 6.95% interest rate and a $450 application fee, while the district previously used the bank for short-term borrowing.

Document date · September 21, 2026

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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
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 $2,500,000; 6.95% interest rate plus a $450 application fee
Contract type
FINANCIAL_SERVICES
Contract term
One-year note for the 2026-27 school year; prior line of credit was approved through Lake Ridge Bank
Renewal date
2027-06-30
Renewal
Prior line of credit was approved through Lake Ridge Bank; current renewal or award was not approved in this agenda and was scheduled for further board action.
Document type
Agenda
Source document
Evansville Community School District Agenda Regular Meeting September 23, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Evansville Community School District?

Lake Ridge Bank was awarded this financial services contract by Evansville Community School District, as recorded on September 21, 2026. The contract value is Not to exceed $2,500,000; 6.95% interest rate plus a $450 application fee.

How much is the Lake Ridge Bank contract with Evansville Community School District worth?

The Lake Ridge Bank contract with Evansville Community School District is valued at Not to exceed $2,500,000; 6.95% interest rate plus a $450 application fee, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Evansville Community School District Agenda Regular Meeting September 23, 2026 (Agenda), dated September 21, 2026 from Evansville Community School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Lake Ridge Bank hold?

Lake Ridge 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 Evansville Community School District currently buying?

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