MSAD #70 Renews Line of Credit with Machias Savings Bank
School Administrative District 70School · Hodgdon, ME- Disclosed value
- Not to exceed $250,000; $400 documentation fee; annual interest rate of 5.61%
- From minutes
- Document date
- Oct 19, 2026
The 30-second brief
MSAD #70 renewed its line of credit with Machias Savings Bank for up to $250,000. The facility carries a 5.61% annual interest rate and a $400 documentation fee.
Machias Savings Bank holds this financial services contract with School Administrative District 70. Its other public contracts on record include work for Town of Hudson and Town of Eastbrook.
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed $250,000; $400 documentation fee; annual interest rate of 5.61%
- Document date
- October 19, 2026
- Vendor
- Machias Savings Bank
- Source document
- Region School Unit 70 /MSAD #70 Board of Directors Minutes School Board Meeting Minutes October 19, 2026 (Minutes)
Machias Savings Bank's other public contracts
More School Administrative District 70 contracts
Questions about this contract
Who was awarded the financial services contract by School Administrative District 70?
Machias Savings Bank was awarded this financial services contract by School Administrative District 70, as recorded on October 19, 2026. The contract value is Not to exceed $250,000; $400 documentation fee; annual interest rate of 5.61%.
How much is the Machias Savings Bank contract with School Administrative District 70 worth?
The Machias Savings Bank contract with School Administrative District 70 is valued at Not to exceed $250,000; $400 documentation fee; annual interest rate of 5.61%, 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 Region School Unit 70 /MSAD #70 Board of Directors Minutes School Board Meeting Minutes October 19, 2026 (Minutes), dated October 19, 2026 from School Administrative District 70. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Machias Savings Bank hold?
Machias 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.
What is School Administrative District 70 currently buying?
Explore School Administrative District 70's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
