FINANCIAL_SERVICESAWARDED

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

The School Board of Sumter County, Florida privately placed a $20,000,000 Tax Anticipation Note, Series 2026, with SouthState Bank, N.A., to provide interim operating funds at an annual interest rate of 3.95% over approximately six months. The Note is secured by pledged ad valorem tax revenues, with total interest of $403,777.78 expected and purchaser’s counsel fees of $8,500 paid by the Board.

Status
AWARDED
Document date
August 27, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Southstate Bank N.a.
Agency
Sumter County School District · FL

Trusted by teams at

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
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
$20,000,000 (principal); $403,777.78 (total interest over life of Note); Original Purchaser's Counsel: $8,500.00
Contract type
FINANCIAL_SERVICES
Contract term
Approximately six months from issuance in 2026, unless earlier prepaid
Renewal
This is a short-term tax anticipation note expected to be repaid over approximately six months; no renewal or extension provisions are described.
Document type
Agreement
Source document
The School Board of Sumter County Disclosure Letter and Truth-in-Bonding Statement 2026-08-27

Related contracts

Other contracts from Southstate Bank N.a..

View all →

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 27, 2026. The contract value is $20,000,000 (principal); $403,777.78 (total interest over life of Note); Original Purchaser's Counsel: $8,500.00.

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 $20,000,000 (principal); $403,777.78 (total interest over life of Note); Original Purchaser's Counsel: $8,500.00, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in The School Board of Sumter County Disclosure Letter and Truth-in-Bonding Statement 2026-08-27 (Agreement), dated August 27, 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

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 100,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free