Sumter County School District Awards Financial Services Contract to Southstate Bank N.A. (August 2026)
Sumter County School DistrictSchool · Bushnell, FL- Disclosed value
- $20,000,000 (principal); $403,777.78 (total interest over life of Note); Original Purchaser's Counsel: $8,500.00
- From agreement
- Awarded
- Aug 27, 2026
The 30-second brief
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.
Southstate Bank N.A. holds this financial services contract with Sumter County School District. Its other public contracts on record include work for City of Belle Isle.
Term as filed: Approximately six months from issuance in 2026, unless earlier prepaid.
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Contract details
- Contract type
- Financial Services
- Amount
- $20,000,000 (principal); $403,777.78 (total interest over life of Note); Original Purchaser's Counsel: $8,500.00
- Document date
- August 27, 2026
- Term
- Approximately six months from issuance in 2026, unless earlier prepaid
- Vendor
- Southstate Bank N.A.
- Source document
- The School Board of Sumter County Disclosure Letter and Truth-in-Bonding Statement 2026-08-27 (Agreement)
Southstate Bank N.A.'s other public contracts
More Sumter County School District contracts
Questions about this contract
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.
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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.
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.