CONTRACTTABLED

Lakeland Tables $3M Line of Credit Proposal

Disclosed value: $3,000,000 line of credit at 5.99%; From minutes
Document date: Aug 12, 2025
Term: Until December 31, 2025

What it covers

Lakeland School District tabled a proposal to secure a $3 million line of credit from People's Security Bank and Trust at 5.99% interest, maturing December 31, 2025. The credit line would support operational cash flow during the 2025-2026 state budget impasse.

Who holds it

People's Security Bank & Trust holds this financial services contract with Lakeland School Corporation. Its other public contracts on record include work for Northeastern Educational IU 19 and Arts Academy Elementary CS.

What happens next

Term as filed: Until December 31, 2025.

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Contract details

Contract type: Financial Services
Amount: $3,000,000 line of credit at 5.99%
Document date: August 12, 2025
Term: Until December 31, 2025
Vendor: People's Security Bank & Trust
Agency: Lakeland School Corporation
Source document: lakeland_school_board_special_meeting_minutes_augu.pdf (Minutes)

People's Security Bank & Trust's other public contracts

Northeastern Educational IU 19, PennsylvaniaNEIU 19 Continues Depository Relationship With People's Security Bank · Aug 31, 2026Undisclosed Arts Academy Elementary CS, PennsylvaniaBank Signature Authority Approved · Aug 24, 2026Undisclosed Borough of Ashley, PennsylvaniaFinancing approved for backhoe with People's Security Bank · Jun 24, 2026Undisclosed Borough of Blakely, PennsylvaniaPeople's Security Bank & Trust Named 2026 Depository · Dec 10, 2025Undisclosed Northeastern Educational IU 19, PennsylvaniaNEIU Expands Line of Credit to $9 Million · Oct 28, 2025 All People's Security Bank & Trust contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by Lakeland School Corporation?

People's Security Bank & Trust was awarded this financial services contract by Lakeland School Corporation, as recorded on August 12, 2025. The contract value is $3,000,000 line of credit at 5.99%.

How much is the People's Security Bank & Trust contract with Lakeland School Corporation worth?

The People's Security Bank & Trust contract with Lakeland School Corporation is valued at $3,000,000 line of credit at 5.99%, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in lakeland_school_board_special_meeting_minutes_augu.pdf (Minutes), dated August 12, 2025 from Lakeland School Corporation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does People's Security Bank & Trust hold?

People's Security Bank & Trust may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Lakeland School Corporation currently buying?

Explore Lakeland School Corporation's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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