CONTRACTONGOING

RSU 3 Secures Higher Sweep Account Rate

School Administrative District 03 logoSchool Administrative District 03
Document date
Jun 16, 2025

The 30-second brief

What it covers

RSU 3 continues its sweep-account relationship with Bangor Savings Bank. The district secured an interest-rate increase from 2.75% to 3.5% and is evaluating additional investment options.

Who holds it

Bangor Savings Bank holds this financial services contract with School Administrative District 03. Its other public contracts on record include work for Town of Hampden and City of Belfast.

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Contract details

Contract type
Financial Services
Document date
June 16, 2025
Source document
rsu-3-school-board-meeting-minutes-june-16-2025_dc2.pdf (Minutes)

Bangor Savings Bank's other public contracts

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Questions about this contract

Who was awarded the financial services contract by School Administrative District 03?

Bangor Savings Bank was awarded this financial services contract by School Administrative District 03, as recorded on June 16, 2025.

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 rsu-3-school-board-meeting-minutes-june-16-2025_dc2.pdf (Minutes), dated June 16, 2025 from School Administrative District 03. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bangor Savings Bank hold?

Bangor Savings 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.

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What is School Administrative District 03 currently buying?

Explore School Administrative District 03's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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