Usa Health University Hospital Awards Financial Services Contract to Renasant Bank (June 2026)
Usa Health University HospitalPublic Hospital · Mobile, AL- Disclosed value
- $15,100,000 (principal amount of 2026 Note)
- From agenda
- Approved
- Jun 2, 2026
The 30-second brief
The Board authorized the University to redeem its $15.1 million short-term promissory note with Renasant Bank that financed the ambulatory surgery center purchase. The payoff will be funded from proceeds of the Series 2026 bonds or related bridge loan obligations at par plus accrued interest.
Renasant Bank holds this financial services contract with Usa Health University Hospital. Its other public contracts on record include work for City of Springfield and Madison County.
Term as filed: Short-term promissory note dated January 21, 2026; redeemable at any time at par plus accrued interest.
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Contract details
- Contract type
- Financial Services
- Amount
- $15,100,000 (principal amount of 2026 Note)
- Document date
- June 2, 2026
- Term
- Short-term promissory note dated January 21, 2026; redeemable at any time at par plus accrued interest
- Vendor
- Renasant Bank
- Source document
- University of South Alabama Board of Trustees Meeting Agenda 2026-06-04 (Agenda)
Renasant Bank's other public contracts
More Usa Health University Hospital contracts
Questions about this contract
Who was awarded the financial services contract by Usa Health University Hospital?
Renasant Bank was awarded this financial services contract by Usa Health University Hospital, as recorded on June 2, 2026. The contract value is $15,100,000 (principal amount of 2026 Note).
How much is the Renasant Bank contract with Usa Health University Hospital worth?
The Renasant Bank contract with Usa Health University Hospital is valued at $15,100,000 (principal amount of 2026 Note), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record.
Where was this contract approved?
This contract appears in University of South Alabama Board of Trustees Meeting Agenda 2026-06-04 (Agenda), dated June 2, 2026 from Usa Health University Hospital. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Renasant Bank hold?
Renasant 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.
What is Usa Health University Hospital currently buying?
Explore Usa Health University Hospital's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.