FINANCIAL_SERVICESRENEWED

Charter School Renews Campus Loan Financing

Panola Charter School Board renewed its campus building loan with First State Bank and Trust of Carthage, setting a new principal balance of $558,483.13 at 6.75% interest. The renewed loan is structured on a 20-year amortization with a 5-year balloon and increased monthly payments including additional principal reduction.

Document date · August 17, 2026

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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
Renewed loan amount $558,483.13 at 6.75% interest; monthly payment $5,803.12 plus $1,450.78 toward principal
Contract type
FINANCIAL_SERVICES
Contract term
20-year amortization with 5-year balloon, beginning September 2026
Renewal date
2031-09-01
Renewal
Loan renewed beginning September 2026 on a 20-year amortization schedule with a balloon payment due after 5 years. Monthly payment set at $5,803.12 plus $1,450.78 applied to principal.
Document type
Minutes
Source document
Panola Charter School Minutes Regular Board Meeting 2026-08-17

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Panola Charter School?

First State Bank & Trust of Carthage was awarded this financial services contract by Panola Charter School, as recorded on August 17, 2026. The contract value is Renewed loan amount $558,483.13 at 6.75% interest; monthly payment $5,803.12 plus $1,450.78 toward principal.

How much is the First State Bank & Trust of Carthage contract with Panola Charter School worth?

The First State Bank & Trust of Carthage contract with Panola Charter School is valued at Renewed loan amount $558,483.13 at 6.75% interest; monthly payment $5,803.12 plus $1,450.78 toward principal, 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 Panola Charter School Minutes Regular Board Meeting 2026-08-17 (Minutes), dated August 17, 2026 from Panola Charter School. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First State Bank & Trust of Carthage hold?

First State Bank & Trust of Carthage 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 State Bank & Trust of Carthage's profile

What is Panola Charter School currently buying?

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