FINANCIAL_SERVICESAWARDED

Sumter County School District Awards Financial Services Contract to Southstate Bank N.a. (August 2026)

The School Board of Sumter County, Florida has awarded a negotiated Tax Anticipation Note, Series 2026, in an amount not to exceed $20,000,000 to SouthState Bank, N.A. to provide interim financing for district operating expenses during the 2026/2027 fiscal year. The note carries a fixed 3.95% interest rate, matures March 1, 2027, and is secured by pledged operating ad valorem tax receipts and the Note Payment Fund.

Status
AWARDED
Document date
August 25, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Southstate Bank N.a.
Agency
Sumter County School District · FL

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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
Not to exceed $20,000,000
Contract type
FINANCIAL_SERVICES
Contract term
From date of delivery of Note to March 1, 2027
Renewal date
2027-03-01
Renewal
Single tax anticipation note with no renewal options; note must be fully repaid from pledged revenues by the March 1, 2027 maturity date. Board covenants to fund the Note Payment Fund by February 22, 2027 and adjust balances by February 26, 2027 to ensure full payment at maturity.
Document type
Resolution
Source document
The School Board of Sumter County Resolution Tax Anticipation Note Series 2026 2026-08-25

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Sumter County School District?

Southstate Bank N.a. was awarded this financial services contract by Sumter County School District, as recorded on August 25, 2026. The contract value is Not to exceed $20,000,000.

How much is the Southstate Bank N.a. contract with Sumter County School District worth?

The Southstate Bank N.a. contract with Sumter County School District is valued at Not to exceed $20,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in The School Board of Sumter County Resolution Tax Anticipation Note Series 2026 2026-08-25 (Resolution), dated August 25, 2026 from Sumter County School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Southstate Bank N.a. hold?

Southstate Bank N.a. 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 Southstate Bank N.a.'s profile

What is Sumter County School District currently buying?

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

View Sumter County School District's profile

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