Finance Committee Reviews Deposits With PeoplesBank
Veritas Preparatory Charter School (District)School · Springfield, MA- Disclosed value
- between $250,000 and $500,000 (transfer amount)
- From minutes
- Document date
- Mar 19, 2026
The 30-second brief
Veritas Preparatory Charter School’s Finance Committee reviewed a proposal to move $250,000–$500,000 from PeoplesBank to another institution to diversify deposits and reduce FDIC risk exposure. PeoplesBank increased the school’s money market rate to 2.9%, supporting more active management of cash across accounts.
PEOPLESBANK holds this financial services contract with Veritas Preparatory Charter School (District). Its other public contracts on record include work for Ludlow School District and Town of Glastonbury.
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Contract details
- Contract type
- Financial Services
- Amount
- between $250,000 and $500,000 (transfer amount)
- Document date
- March 19, 2026
- Vendor
- PEOPLESBANK
- Source document
- Veritas Preparatory Charter School Finance Committee Minutes 2026-03-19 (Minutes)
PEOPLESBANK's other public contracts
More Veritas Preparatory Charter School (District) contracts
Questions about this contract
Who was awarded the financial services contract by Veritas Preparatory Charter School (District)?
PEOPLESBANK was awarded this financial services contract by Veritas Preparatory Charter School (District), as recorded on March 19, 2026. The contract value is between $250,000 and $500,000 (transfer amount).
How much is the PEOPLESBANK contract with Veritas Preparatory Charter School (District) worth?
The PEOPLESBANK contract with Veritas Preparatory Charter School (District) is valued at between $250,000 and $500,000 (transfer amount), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Veritas Preparatory Charter School Finance Committee Minutes 2026-03-19 (Minutes), dated March 19, 2026 from Veritas Preparatory Charter School (District). Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does PEOPLESBANK hold?
PEOPLESBANK 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 Veritas Preparatory Charter School (District) currently buying?
Explore Veritas Preparatory Charter School (District)'s vendors, signed contracts, and active RFPs on their Civic IQ agency profile.