FINANCIAL_SERVICESAWARDED

Borough of Saddle River Council Meeting Agenda April 2026

Amboy Bank Awarded $4.48M Bond Anticipation Note

$4,478,000Borough of Saddle RiverAMBOY BANKApril 20, 2026

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Description

The Borough of Saddle River awarded a $4,478,000 federally taxable Bond Anticipation Note to Amboy Bank at a 3.60% interest rate on April 17, 2026. This short-term financing will support the borough’s capital and infrastructure needs.

Contract Details

Contract Amount

$4,478,000

Vendor

AMBOY BANK

Agency

Borough of Saddle River, NJ

Contract Type

FINANCIAL_SERVICES

Document Date

April 20, 2026

Renewal Info

Single-issue bond anticipation note; future renewals or rollovers would require separate council action.

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