FINANCIAL_SERVICESPENDING

First Bank Considered for $3M TAN Financing

Oakland’s Town Manager will seek Tax Anticipation Note proposals of up to $3,000,000 from First Bank to support municipal cash flow through September 2026. This outreach is part of a council-approved exploration of TAN options.

Status
PENDING
Document date
June 24, 2026
Contract type
FINANCIAL_SERVICES
Vendor
First Bank
Agency
Town of Oakland · ME

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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 amount
Up to $3,000,000 (Tax Anticipation Note)
Contract type
FINANCIAL_SERVICES
Contract term
Covers cash flow needs during July, August, and September 2026
Renewal date
2026-09-30
Renewal
Anticipated as a one-time TAN to be repaid with 2026 tax receipts; no renewal options described.
Document type
Minutes
Source document
Oakland Town Council Minutes 2026-06-24

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Oakland?

First Bank was awarded this financial services contract by Town of Oakland, as recorded on June 24, 2026. The contract value is Up to $3,000,000 (Tax Anticipation Note).

How much is the First Bank contract with Town of Oakland worth?

The First Bank contract with Town of Oakland is valued at Up to $3,000,000 (Tax Anticipation Note), 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 Oakland Town Council Minutes 2026-06-24 (Minutes), dated June 24, 2026 from Town of Oakland. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First Bank hold?

First 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.

View First Bank's profile

What is Town of Oakland currently buying?

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

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