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Somerset Trust Proposed as IU1 Depository Bank

Intermediate Unit 1
Document date
Jun 24, 2026
Term
July 1, 2026 to June 30, 2027
Renews
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The 30-second brief

What it covers

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.

Who holds it

Somerset Trust holds this financial services contract with Intermediate Unit 1. Its other public contracts on record include work for Ligonier Valley Police Pension Plan and Borough of Everson.

What happens next

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Contract details

Contract type
Financial Services
Document date
June 24, 2026
Term
July 1, 2026 to June 30, 2027
Renews
On record
Vendor
Somerset Trust
Agency
Intermediate Unit 1
Source document
Intermediate Unit 1 Agenda Regular Meeting 2026-06-25 (Agenda)

Somerset Trust's other public contracts

Ligonier Valley Police Pension Plan, PennsylvaniaCar Loan Requirements With Somerset Trust Discussed · Oct 1, 2026UndisclosedBorough of Everson, PennsylvaniaEverson Approves $100,000 Somerset Trust CD · Sep 15, 2026$100KConemaugh Township Municipal Authority, PennsylvaniaAuthority Approves Six-Month CD With Somerset Trust · Aug 17, 2026UndisclosedBorough of Berlin, PennsylvaniaBerlin invests $2.5M in Somerset Trust CD · Jul 9, 2026$2.5MBerlin Borough Municipal (Water) Authority, PennsylvaniaSomerset Trust Certificate of Deposit Renewed · Jun 10, 2026$323.8KAll Somerset Trust contractsVendor profile

More Intermediate Unit 1 contracts

MLAKER-BROWNSVILLEMlaker-Brownsville Set for 2026-27 Transport Services · Jun 24, 2026UndisclosedWestern Pa School for the DeafIU1 Contracting with Western PA School for Deaf Services · Jun 24, 2026UndisclosedPEARSONIU1 Reviewing 2026 Pearson DALS Renewal · Jun 24, 2026UndisclosedBdj TransportationBDJ Transportation Listed for 2026-27 Student Transport · Jun 24, 2026UndisclosedSolomon, DanielIU1 to Approve Business Manager Contract with Solomon · Jun 24, 2026UndisclosedAll Intermediate Unit 1 activityAgency profile

Questions about this contract

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.

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What is Intermediate Unit 1 currently buying?

Explore Intermediate Unit 1's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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