CONTRACTPENDING

Line of credit re-funding to be negotiated with Passumpsic Savings Bank

Disclosed value: $2,500,000; From minutes
Document date: Jan 26, 2026

What it covers

The Selectboard authorized the Treasurer to pursue a $2.5 million re-funding line of credit from Passumpsic Savings Bank for 2024 flood recovery. Contract documents are in preparation.

Who holds it

Passumpsic Savings Bank holds this financial services contract with Town of Barnet. Its other public contracts on record include work for Town of Derby and Town of Barton.

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Contract details

Contract type: Financial Services
Amount: $2,500,000
Document date: January 26, 2026
Vendor: Passumpsic Savings Bank
Agency: Town of Barnet
Source document: Town of Barnet Selectboard Meeting Minutes January 2026 (Minutes)

Passumpsic Savings Bank's other public contracts

Town of Derby, VermontPassumpsic Bank Loan Proposal Remains Pending · Sep 8, 2026 Town of Barton, VermontVillage Refinances Line of Credit with Passumpsic Bank · Jul 28, 2026Undisclosed Town of Brownington, VermontDirect Deposit Payroll Approved with Passumpsic Savings Bank · Feb 18, 2026Undisclosed Town of Barnet, VermontBarnet Approves $2.5M Line of Credit for Flood Recovery · Feb 9, 2026$2.5M Town of Brownington, VermontPassumpsic bank financing for plow truck on hold · Jan 28, 2026Undisclosed All Passumpsic Savings Bank contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by Town of Barnet?

Passumpsic Savings Bank was awarded this financial services contract by Town of Barnet, as recorded on January 26, 2026. The contract value is $2,500,000.

How much is the Passumpsic Savings Bank contract with Town of Barnet worth?

The Passumpsic Savings Bank contract with Town of Barnet is valued at $2,500,000, 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 Barnet Selectboard Meeting Minutes January 2026 (Minutes), dated January 26, 2026 from Town of Barnet. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Passumpsic Savings Bank hold?

Passumpsic 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 Barnet currently buying?

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

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