FINANCIAL_SERVICESPENDING

Board Considers CD Secured Loan With Alliance Bank

Mt. Vernon School District considered a CD secured loan agreement with Alliance Bank for up to $360,000 at 2% above the CD rate to fund the video scoreboard project. The Board President and Superintendent were authorized to execute documents necessary to complete the financing transaction.

Status
PENDING
Document date
July 9, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Alliance Bank
Agency
Mt. Vernon Independent School District · TX

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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 amount
Principal amount up to $360,000 at 2% above CD rate
Contract type
FINANCIAL_SERVICES
Renewal
Single loan facility tied to a certificate of deposit; no renewal or extension options described.
Document type
Minutes
Source document
Mt. Vernon School District Regular Meeting Minutes 2026-07-09

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Mt. Vernon Independent School District?

Alliance Bank was awarded this financial services contract by Mt. Vernon Independent School District, as recorded on July 9, 2026. The contract value is Principal amount up to $360,000 at 2% above CD rate.

How much is the Alliance Bank contract with Mt. Vernon Independent School District worth?

The Alliance Bank contract with Mt. Vernon Independent School District is valued at Principal amount up to $360,000 at 2% above CD rate, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Mt. Vernon School District Regular Meeting Minutes 2026-07-09 (Minutes), dated July 9, 2026 from Mt. Vernon Independent School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Alliance Bank hold?

Alliance 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.

View Alliance Bank's profile

What is Mt. Vernon Independent School District currently buying?

Explore Mt. Vernon Independent School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Mt. Vernon Independent School District's profile

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