FINANCIAL_SERVICESONGOING

Hospital Secures $3M Operational Loan From Legend Bank

Nocona General Hospital secured a $3 million loan from Legend Bank to support operations during the early phase of its new management contract and to cover growing operational losses. The financing includes a 0.5% initiation fee, no carrying cost on unused funds, and interest at prime plus 3% on amounts drawn.

Status
ONGOING
Document date
January 20, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Legend Bank
Agency
Nocona General Hospital · TX

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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
$3,000,000
Contract type
FINANCIAL_SERVICES
Renewal
Loan terms include an initiation fee and variable interest on utilized balances; specific maturity date or renewal options are not stated in the minutes.
Document type
Minutes
Source document
Nocona General Hospital Board of Directors Meeting Minutes 2026-01-20

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Nocona General Hospital?

Legend Bank was awarded this financial services contract by Nocona General Hospital, as recorded on January 20, 2026. The contract value is $3,000,000.

How much is the Legend Bank contract with Nocona General Hospital worth?

The Legend Bank contract with Nocona General Hospital is valued at $3,000,000, 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 Nocona General Hospital Board of Directors Meeting Minutes 2026-01-20 (Minutes), dated January 20, 2026 from Nocona General Hospital. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Legend Bank hold?

Legend 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 Legend Bank's profile

What is Nocona General Hospital currently buying?

Explore Nocona General Hospital's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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