FINANCIAL_SERVICESRECOMMENDED

County Reviews JPMorgan Proposal for 2026 LOB

Edgecombe County is evaluating JPMorgan’s bank loan proposal for a 15‑year Limited Obligation Bond of up to $2.2 million to finance county facility improvements and vehicle purchases. The financing would amend the existing 2025 Installment Financing Contract and is subject to final interest rate lock and state LGC approval.

Status
RECOMMENDED
Document date
August 3, 2026
Contract type
FINANCIAL_SERVICES
Vendor
JPMORGAN
Agency
Edgecombe County · NC

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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 $2,200,000 principal; 4.08% or 4.31% interest scenarios shown
Contract type
FINANCIAL_SERVICES
Contract term
15 years (anticipated closing September 18, 2026; final maturity August 1, 2041)
Renewal date
2041-08-01
Renewal
This would be an amendment to the existing September 1, 2025 Installment Financing Contract, adding up to $2.2 million in new principal with non‑callable and callable structures modeled; no automatic renewal, but future amendments are permitted under the deed of trust.
Document type
AgendaPacket
Source document
Edgecombe County Board of Commissioners 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 Edgecombe County?

JPMORGAN was awarded this financial services contract by Edgecombe County, as recorded on August 3, 2026. The contract value is Up to $2,200,000 principal; 4.08% or 4.31% interest scenarios shown.

How much is the JPMORGAN contract with Edgecombe County worth?

The JPMORGAN contract with Edgecombe County is valued at Up to $2,200,000 principal; 4.08% or 4.31% interest scenarios shown, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Edgecombe County Board of Commissioners Agenda Packet 2026-08-03 (AgendaPacket), dated August 3, 2026 from Edgecombe County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does JPMORGAN hold?

JPMORGAN 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 JPMORGAN's profile

What is Edgecombe County currently buying?

Explore Edgecombe County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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