FINANCIAL_SERVICESONGOING

$10M First National Bank CD Reported

State College Area School District maintains a $10,000,000 fixed term investment with First National Bank from December 1, 2023 through December 1, 2026 at 4.70% interest, projected to earn $1,410,000. The investment supports the Capital Reserve Fund’s long-term earnings.

Status
ONGOING
Document date
August 31, 2026
Contract type
FINANCIAL_SERVICES
Vendor
First National Bank
Agency
State College Area SD · PA

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$10,000,000
Contract type
FINANCIAL_SERVICES
Contract term
December 1, 2023 – December 1, 2026 (3-year CD)
Renewal date
2026-12-01
Renewal
CD interest is recognized at maturity; renewal options are not specified in the report.
Document type
Report
Source document
State College Area School District Treasurer's Report 2026-08-31

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by State College Area SD?

First National Bank was awarded this financial services contract by State College Area SD, as recorded on August 31, 2026. The contract value is $10,000,000.

How much is the First National Bank contract with State College Area SD worth?

The First National Bank contract with State College Area SD is valued at $10,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a report record.

Where was this contract approved?

This contract appears in State College Area School District Treasurer's Report 2026-08-31 (Report), dated August 31, 2026 from State College Area SD. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First National Bank hold?

First National 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 First National Bank's profile

What is State College Area SD currently buying?

Explore State College Area SD's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View State College Area SD's profile

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