FINANCIAL_SERVICESAPPROVED

Lancaster Industrial Development Authority Awards Financial Services Contract to First National Bank of Pennsylvania (June 2026)

Lancaster City Council approved a draw-down General Obligation Note of up to $15 million with First National Bank of Pennsylvania to finance the Susquehanna Large-Diameter Water Transmission Main project. The note carries a fixed 4.09% interest rate and matures September 30, 2028, pending permanent Pennvest financing.

Document date · June 23, 2026

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TerraCycle logo
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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
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Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $15,000,000 principal amount
Contract type
FINANCIAL_SERVICES
Contract term
Through September 30, 2028
Renewal date
2028-09-30
Renewal
Loan maturity is September 30, 2028; no renewal option was stated.
Document type
Minutes
Source document
City of Lancaster Minutes Stated Meeting - City Council - June 23, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Lancaster Industrial Development Authority?

First National Bank of Pennsylvania was awarded this financial services contract by Lancaster Industrial Development Authority, as recorded on June 23, 2026. The contract value is Not to exceed $15,000,000 principal amount.

How much is the First National Bank of Pennsylvania contract with Lancaster Industrial Development Authority worth?

The First National Bank of Pennsylvania contract with Lancaster Industrial Development Authority is valued at Not to exceed $15,000,000 principal amount, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Lancaster Minutes Stated Meeting - City Council - June 23, 2026 (Minutes), dated June 23, 2026 from Lancaster Industrial Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First National Bank of Pennsylvania hold?

First National Bank of Pennsylvania 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 First National Bank of Pennsylvania's profile

What is Lancaster Industrial Development Authority currently buying?

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