Heritage Bank Pledges $16.7M Collateral for School Funds
Newport Independent School DistrictSchool · Newport, KY- Disclosed value
- $16,700,000.00
- From agreement
- Document date
- Jun 8, 2026
The 30-second brief
HERITAGE BANK pledges $16.7 million in mortgage-backed and federal CMO securities as collateral to secure Kentucky public school funds, under a pledge of collateral agreement dated May 29, 2026. The pledged securities, held in safekeeping under account 9145780, provide security for public school deposits at the bank.
Heritage Bank holds this financial services contract with Newport Independent School District. Its other public contracts on record include work for Kitsap county Consolidated Housing Auth and City of Poulsbo.
Term as filed: Until at least 2026-05-29 (pledge date 05/29/26; ongoing collateralization).
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Contract details
- Contract type
- Financial Services
- Amount
- $16,700,000.00
- Document date
- June 8, 2026
- Term
- Until at least 2026-05-29 (pledge date 05/29/26; ongoing collateralization)
- Vendor
- Heritage Bank
- Source document
- Commonwealth of Kentucky Pledge of Collateral Agreement for Public School Funds 2026-06-08 (Agreement)
Heritage Bank's other public contracts
More Newport Independent School District contracts
Questions about this contract
Who was awarded the financial services contract by Newport Independent School District?
Heritage Bank was awarded this financial services contract by Newport Independent School District, as recorded on June 8, 2026. The contract value is $16,700,000.00.
How much is the Heritage Bank contract with Newport Independent School District worth?
The Heritage Bank contract with Newport Independent School District is valued at $16,700,000.00, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agreement record.
Where was this contract approved?
This contract appears in Commonwealth of Kentucky Pledge of Collateral Agreement for Public School Funds 2026-06-08 (Agreement), dated June 8, 2026 from Newport Independent School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Heritage Bank hold?
Heritage 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.
What is Newport Independent School District currently buying?
Explore Newport Independent School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.