WIU Approves Repayment of $2M RAN to FNB Bank
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Description
The Board authorized repayment of a $2,000,000 Revenue Anticipation Note to FNB Bank by May 1, 2026. This action closes out the short-term financing arrangement with the bank.
Contract Details
Contract Amount
$2,000,000
Vendor
FNB BANK
Agency
Dr Robert Ketterer CS Inc, PA
Contract Type
FINANCIAL_SERVICES
Document Date
April 28, 2026
Contract Term
To be repaid by May 1, 2026
Renewal Date
2026-05-01
Renewal Info
Repayment of an existing RAN; no renewal or extension of credit is authorized in this motion.
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