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FINANCIAL_SERVICESAPPROVED

Portsmouth School District Awards Financial Services Contract to Eastern Bank (August 2026)

The Trustees approved a six-month rollover of the Below Market Rate Housing Trust certificate of deposit with Eastern Bank at a 3.85% APY. The CD was scheduled to mature on September 4, 2026, making the rollover term run through approximately March 4, 2027.

Document date · August 19, 2026

Issuing agencyPortsmouth School DistrictVendorEastern Bank

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TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
6 months beginning September 4, 2026
Renewal date
2027-03-04
Renewal
Six-month rollover approved at 3.85% APY; existing CD maturity date was September 4, 2026.
Document type
Minutes
Source document
City of Portsmouth Minutes Actions and Meeting Summary August 19, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Portsmouth School District?

Eastern Bank was awarded this financial services contract by Portsmouth School District, as recorded on August 19, 2026.

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 City of Portsmouth Minutes Actions and Meeting Summary August 19, 2026 (Minutes), dated August 19, 2026 from Portsmouth School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Eastern Bank hold?

Eastern 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 Eastern Bank's profile

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