Pond Creek-Hunter Schools Awards Financial Services Contract to First State Bank, Pond Creek, Oklahoma (June 2024)
Pond Creek-Hunter SchoolsSchool · Pond Creek, OK- Disclosed value
- $1,290,000 (bond principal); Net interest cost $170,006.10; Premium $33.90
- From meeting minutes
- Awarded
- Jun 17, 2024
- Renews
- Free account
The 30-second brief
The Board approved the sale of $1,290,000 General Obligation Building Bonds of 2024 to a bid led by First Bankers' Banc Securities, Inc. in association with The First State Bank of Pond Creek. The local bank will participate in the bond purchase under the winning bid’s interest and maturity terms.
First State Bank, Pond Creek, Oklahoma holds this financial services contract with Pond Creek-Hunter Schools.
The renewal date is on record. A free account shows it, with the renewals for every Pond Creek-Hunter Schools contract.
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Contract details
- Contract type
- Financial Services
- Amount
- $1,290,000 (bond principal); Net interest cost $170,006.10; Premium $33.90
- Document date
- June 17, 2024
- Term
- Bonds dated August 1, 2024; $600,000 maturing August 1, 2026 and $690,000 maturing August 1, 2027 at 5.20% interest, payable semi-annually beginning February 1, 2026
- Renews
- Free account
- Vendor
- First State Bank, Pond Creek, Oklahoma
- Source document
- pond-creek-hunter-schoolsmeeting-minutes2024-06-17_c92.pdf (Meeting Minutes)
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Questions about this contract
Who was awarded the financial services contract by Pond Creek-Hunter Schools?
First State Bank, Pond Creek, Oklahoma was awarded this financial services contract by Pond Creek-Hunter Schools, as recorded on June 17, 2024. The contract value is $1,290,000 (bond principal); Net interest cost $170,006.10; Premium $33.90.
How much is the First State Bank, Pond Creek, Oklahoma contract with Pond Creek-Hunter Schools worth?
The First State Bank, Pond Creek, Oklahoma contract with Pond Creek-Hunter Schools is valued at $1,290,000 (bond principal); Net interest cost $170,006.10; Premium $33.90, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a meeting minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in pond-creek-hunter-schoolsmeeting-minutes2024-06-17_c92.pdf (Meeting Minutes), dated June 17, 2024 from Pond Creek-Hunter Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What is Pond Creek-Hunter Schools currently buying?
Explore Pond Creek-Hunter Schools's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.