FINANCIAL_SERVICESREJECTED

Bank of America lease-purchase offer declined by City

Bank of America offered to finance Mauldin’s vehicle and equipment purchases with 5-, 7-, and 10-year fixed-rate lease terms, including par prepayment after mid-term. The City evaluated the offer but opted to move forward with SouthState Bank instead.

Status
REJECTED
Document date
August 3, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Bank of America
Agency
City of Mauldin · SC

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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 type
FINANCIAL_SERVICES
Contract term
Proposed 5-year, 7-year, and 10-year terms at fixed rates (5-year 3.938%, 7-year 4.028%, 10-year 4.235%)
Renewal
No contract awarded; no renewal terms apply.
Document type
AgendaPacket
Source document
City of Mauldin Finance and Policy Committee Agenda Packet 2026-08-03

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Mauldin?

Bank of America was awarded this financial services contract by City of Mauldin, as recorded on August 3, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Mauldin Finance and Policy Committee Agenda Packet 2026-08-03 (AgendaPacket), dated August 3, 2026 from City of Mauldin. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bank of America hold?

Bank of America may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Mauldin currently buying?

Explore City of Mauldin's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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