Town refinances Mascoma bank loans for savings
Town of New LondonCity · NH- Disclosed value
- Original principal amounts $875,000 (2017), $600,000 (2019), $750,000 (2019); approximately $2,000,959 outstanding to be refunded
- From minutes
- Document date
- Oct 3, 2025
The 30-second brief
The Town of New London approved refinancing three existing Mascoma Savings Bank loans totaling about $2 million through the New Hampshire Municipal Bond Bank. The refunding bonds are expected to cut interest rates and generate more than $200,000 in savings over the remaining terms through FY2035 and FY2038.
Mascoma Savings Bank holds this financial services contract with Town of New London. Its other public contracts on record include work for Town of Orford and Grafton County.
Term as filed: Original loans dated August 21, 2017; June 17, 2019; September 9, 2019; refinanced to mature in FY2035 and FY2038.
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Contract details
- Contract type
- Financial Services
- Amount
- Original principal amounts $875,000 (2017), $600,000 (2019), $750,000 (2019); approximately $2,000,959 outstanding to be refunded
- Document date
- October 3, 2025
- Term
- Original loans dated August 21, 2017; June 17, 2019; September 9, 2019; refinanced to mature in FY2035 and FY2038
- Vendor
- Mascoma Savings Bank
- Agency
- Town of New London
- Source document
- town_of_new_london_board_of_selectmen_meeting_minu.pdf (Minutes)
Mascoma Savings Bank's other public contracts
More Town of New London contracts
Questions about this contract
Who was awarded the financial services contract by Town of New London?
Mascoma Savings Bank was awarded this financial services contract by Town of New London, as recorded on October 3, 2025. The contract value is Original principal amounts $875,000 (2017), $600,000 (2019), $750,000 (2019); approximately $2,000,959 outstanding to be refunded.
How much is the Mascoma Savings Bank contract with Town of New London worth?
The Mascoma Savings Bank contract with Town of New London is valued at Original principal amounts $875,000 (2017), $600,000 (2019), $750,000 (2019); approximately $2,000,959 outstanding to be refunded, 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 town_of_new_london_board_of_selectmen_meeting_minu.pdf (Minutes), dated October 3, 2025 from Town of New London. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Mascoma Savings Bank hold?
Mascoma Savings 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.
What is Town of New London currently buying?
Explore Town of New London's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.