CONTRACTAPPROVED

Town of Greenwood Awards Banking Contract to Androscoggin Bank (June 2025)

Town of Greenwood
Approved
Jun 17, 2025

The 30-second brief

What it covers

Androscoggin Bank secured approval to elevate Money Market interest rates from 2.75% to 3.00%, and to 4% on CDARS with the possibility of implementing a laddering approach for higher returns.

Who holds it

Androscoggin Bank holds this banking contract with Town of Greenwood. Its other public contracts on record include work for Town of Pittsfield and Regional School Unit 38.

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Contract details

Contract type
Banking
Document date
June 17, 2025
Term
NA
Source document
greenwood-selectmen-s-meeting-minutes-june-17-2025_98d.pdf (Minutes)

Androscoggin Bank's other public contracts

More Town of Greenwood contracts

Questions about this contract

Who was awarded the banking contract by Town of Greenwood?

Androscoggin Bank was awarded this banking contract by Town of Greenwood, as recorded on June 17, 2025.

What type of contract is this?

This is a Banking contract, documented as a minutes record.

Where was this contract approved?

This contract appears in greenwood-selectmen-s-meeting-minutes-june-17-2025_98d.pdf (Minutes), dated June 17, 2025 from Town of Greenwood. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Androscoggin Bank hold?

Androscoggin Bank 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 Town of Greenwood currently buying?

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