Fulton Bank Financing Proposal Not Selected
Town of Dewey BeachCity · DE- Disclosed value
- up to $3,000,000
- From resolution
- Document date
- Apr 25, 2025
The 30-second brief
Fulton Bank, N.A. proposed up to $3 million in commercial term loan financing for Dewey Beach’s new Town Hall/Public Safety Building, offering multiple fixed-rate term structures and construction draw provisions. The proposal was not ultimately selected after the Town chose a lower true interest cost bid.
Fulton Bank NA holds this financial services contract with Town of Dewey Beach. Its other public contracts on record include work for Maryland Health and Higher Educational Facilities Authority | State of Maryland and Merchantville Pennsauken Water Commission.
Term as filed: Up to 120 months or 180 months from the credit facility’s closing date, with up to 1 year interest-only during construction and up to 10, 15, or 20 year amortization.
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Contract details
- Contract type
- Financial Services
- Amount
- up to $3,000,000
- Document date
- April 25, 2025
- Term
- Up to 120 months or 180 months from the credit facility’s closing date, with up to 1 year interest-only during construction and up to 10, 15, or 20 year amortization
- Vendor
- Fulton Bank NA
- Agency
- Town of Dewey Beach
- Source document
- Town of Dewey Beach Resolution NO. Financing for Town Hall/Public Safety Building (Resolution)
Fulton Bank NA's other public contracts
More Town of Dewey Beach contracts
Questions about this contract
Who was awarded the financial services contract by Town of Dewey Beach?
Fulton Bank NA was awarded this financial services contract by Town of Dewey Beach, as recorded on April 25, 2025. The contract value is up to $3,000,000.
How much is the Fulton Bank NA contract with Town of Dewey Beach worth?
The Fulton Bank NA contract with Town of Dewey Beach is valued at up to $3,000,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a resolution record.
Where was this contract approved?
This contract appears in Town of Dewey Beach Resolution NO. Financing for Town Hall/Public Safety Building (Resolution), dated April 25, 2025 from Town of Dewey Beach. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Fulton Bank NA hold?
Fulton Bank NA 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 Dewey Beach currently buying?
Explore Town of Dewey Beach's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.