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FINANCIAL_SERVICESAPPROVED

Westmoreland Intermediate Unit Board Meeting Minutes 2026-04-28

WIU Approves Repayment of $2M RAN to FNB Bank

$2,000,000Dr Robert Ketterer CS IncFNB BANKApril 28, 2026

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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

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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