FINANCIAL_SERVICESPENDING

Somerset Trust Proposed as IU1 Depository Bank

Intermediate Unit 1 plans to name Somerset Trust as its depository bank for July 1, 2026 through June 30, 2027. The designation would authorize the institution to hold and manage IU1 funds during the fiscal year.

Document date · June 24, 2026

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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
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
July 1, 2026 to June 30, 2027
Renewal date
2027-06-30
Renewal
One-year designation as depository for FY 2026-2027; future renewals to be set by subsequent board action.
Document type
Agenda
Source document
Intermediate Unit 1 Agenda Regular Meeting 2026-06-25

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Intermediate Unit 1?

Somerset Trust was awarded this financial services contract by Intermediate Unit 1, as recorded on June 24, 2026.

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 Intermediate Unit 1 Agenda Regular Meeting 2026-06-25 (Agenda), dated June 24, 2026 from Intermediate Unit 1. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Somerset Trust hold?

Somerset 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.

View Somerset Trust's profile

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