FINANCIAL_SERVICESAPPROVED

Town of Vassalboro Awards Financial Services Contract to Bar Harbor Savings (July 2026)

Vassalboro’s Select Board approved a three-year $175,000 loan at 5.12% interest from Bar Harbor Savings to finance the new plow truck and equipment. The Board unanimously waived the procurement policy before accepting the bank’s terms.

Status
APPROVED
Document date
July 22, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Bar Harbor Savings
Agency
Town of Vassalboro · ME

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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
Three-year $175,000 loan at 5.12% interest
Contract type
FINANCIAL_SERVICES
Contract term
Three years
Renewal
Three-year fixed-term loan; renewal or refinancing would be required at end of term if debt remains outstanding.
Document type
AgendaPacket
Source document
Town of Vassalboro AgendaPacket Regular Select Board Meeting 2026-07-22

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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 Vassalboro?

Bar Harbor Savings was awarded this financial services contract by Town of Vassalboro, as recorded on July 22, 2026. The contract value is Three-year $175,000 loan at 5.12% interest.

How much is the Bar Harbor Savings contract with Town of Vassalboro worth?

The Bar Harbor Savings contract with Town of Vassalboro is valued at Three-year $175,000 loan at 5.12% interest, 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 Town of Vassalboro AgendaPacket Regular Select Board Meeting 2026-07-22 (AgendaPacket), dated July 22, 2026 from Town of Vassalboro. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bar Harbor Savings hold?

Bar Harbor Savings 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 Bar Harbor Savings's profile

What is Town of Vassalboro currently buying?

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

View Town of Vassalboro's profile

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