Lonoke Bank Bids No-Cost Banking Services
Lonoke School DistrictSchool · Lonoke, AR- Document date
- Jan 3, 2024
The 30-second brief
Lonoke Banking Center has submitted a bid proposal to provide Lonoke School District's banking services at no cost starting February 1, 2024, offering interest on checking and money market accounts tied to the Fed Funds Rate minus 2% and guaranteeing a 1% floor for five years. The proposal includes continued access to an operating loan and highlights the bank’s longstanding financial support to the district.
Lonoke Banking Center holds this financial services contract with Lonoke School District.
Term as filed: Bid beginning date February 1, 2024; interest rate floor guaranteed for 5 years.
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Contract details
- Contract type
- Financial Services
- Document date
- January 3, 2024
- Term
- Bid beginning date February 1, 2024; interest rate floor guaranteed for 5 years
- Vendor
- Lonoke Banking Center
- Agency
- Lonoke School District
- Source document
- lonoke-school-district-proposal-2024-01-03_3d8.pdf (Proposal)
Lonoke Banking Center's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Lonoke School District?
Lonoke Banking Center was awarded this financial services contract by Lonoke School District, as recorded on January 3, 2024.
What type of contract is this?
This is a Financial Services contract, documented as a proposal record.
Where was this contract approved?
This contract appears in lonoke-school-district-proposal-2024-01-03_3d8.pdf (Proposal), dated January 3, 2024 from Lonoke School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
What other contracts does Lonoke Banking Center hold?
Lonoke Banking Center 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 Lonoke School District currently buying?
Explore Lonoke School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.