CONTRACTAPPROVED

Regional School Unit No. 56 Awards Financial Services Contract to Banger Savings Bank (September 2026)

Disclosed value: $135,000 school bus bond; 5.05% interest rate; From minutes
Approved: Sep 8, 2026

What it covers

RSU 56 approved authorization for a $135,000 school bus bond after reviewing bids including Banger Savings Bank’s 5.05% offer. The Banger Savings Bank option was described as less costly overall than the lower-rate Maine Community Bank bid.

Who holds it

Banger Savings Bank holds this financial services contract with Regional School Unit No. 56.

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Contract details

Contract type: Financial Services
Amount: $135,000 school bus bond; 5.05% interest rate
Document date: September 8, 2026
Vendor: Banger Savings Bank
Agency: Regional School Unit No. 56
Source document: RSU 56 Board of Directors Minutes September 8, 2026 (Minutes)

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Questions about this contract

Who was awarded the financial services contract by Regional School Unit No. 56?

Banger Savings Bank was awarded this financial services contract by Regional School Unit No. 56, as recorded on September 8, 2026. The contract value is $135,000 school bus bond; 5.05% interest rate.

How much is the Banger Savings Bank contract with Regional School Unit No. 56 worth?

The Banger Savings Bank contract with Regional School Unit No. 56 is valued at $135,000 school bus bond; 5.05% interest rate, 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 RSU 56 Board of Directors Minutes September 8, 2026 (Minutes), dated September 8, 2026 from Regional School Unit No. 56. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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