District places $7.05M investment with Preferred Bank
Pennridge SDSchool · Perkasie, PA- Disclosed value
- $7,053,457.52
- From report
- Document date
- Feb 28, 2025
The 30-second brief
Pennridge School District holds a $7,053,457.52 fixed-term general fund investment with Preferred Bank at 4.28% interest until March 31, 2025. The deposit is expected to generate $25,639.80 in interest during the period.
Preferred Bank holds this financial services contract with Pennridge SD. Its other public contracts on record include work for Burnet Consolidated ISD and Mundelein ESD 75.
Term as filed: February 28, 2025 – March 31, 2025 (31 days).
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Contract details
- Contract type
- Financial Services
- Amount
- $7,053,457.52
- Document date
- February 28, 2025
- Term
- February 28, 2025 – March 31, 2025 (31 days)
- Vendor
- Preferred Bank
- Agency
- Pennridge SD
- Source document
- pennridge-sd-report-2025-02-28_b11.pdf (Report)
Preferred Bank's other public contracts
More Pennridge SD contracts
Questions about this contract
Who was awarded the financial services contract by Pennridge SD?
Preferred Bank was awarded this financial services contract by Pennridge SD, as recorded on February 28, 2025. The contract value is $7,053,457.52.
How much is the Preferred Bank contract with Pennridge SD worth?
The Preferred Bank contract with Pennridge SD is valued at $7,053,457.52, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a report record.
Where was this contract approved?
This contract appears in pennridge-sd-report-2025-02-28_b11.pdf (Report), dated February 28, 2025 from Pennridge SD. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Preferred Bank hold?
Preferred 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 Pennridge SD currently buying?
Explore Pennridge SD's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.