Evansville Community School District Awards $2,500,000 Financial Services Contract to Bank of New Glarus (September 2026)

Evansville Community School District entered into a taxable revolving line of credit with The Bank of New Glarus for up to $2,500,000 to cover immediate operating and instructional expenses during the 2026-2027 school year. The master promissory note, approved October 7, 2026 and dated October 27, 2026, carries a fixed 5.25% interest rate with monthly payments and must be fully repaid by late October 2027.

Document date · September 22, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$2,500,000

Contract type

FINANCIAL_SERVICES

Contract term

Taxable revolving line of credit; disbursements allowed through June 30, 2027; final maturity October 27, 2027 but no later than November 1, 2027

Renewal date

2027-10-27

Renewal

This is a one-year taxable revolving line of credit evidenced by a master note; no renewal or extension options are stated, and all principal and interest must be repaid by the stated maturity date no later than November 1, 2027.

Document type

Contract

Source document

Evansville Community School District Contract Cash Flow Borrowing 2026-10-07

Frequently asked questions

Common questions about this contract, answered from the record.

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

Bank of New Glarus was awarded this financial services contract by Evansville Community School District, as recorded on September 22, 2026. The contract value is $2,500,000.

How much is the Bank of New Glarus contract with Evansville Community School District worth?

The Bank of New Glarus contract with Evansville Community School District is valued at $2,500,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a contract record.

Where was this contract approved?

This contract appears in Evansville Community School District Contract Cash Flow Borrowing 2026-10-07 (Contract), dated September 22, 2026 from Evansville Community School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bank of New Glarus hold?

Bank of New Glarus 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 Bank of New Glarus's profile

What is Evansville Community School District currently buying?

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

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