Olney-Hamilton Hospital Board of Directors Meeting Minutes February 2026
Hospital Renews $1.35M Line of Credit
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Description
Olney-Hamilton Hospital Board renewed its $1,350,000 revolving line of credit with First State Bank of Graham, Texas at a 5.5% fixed rate for twelve months. The renewal maintains short-term financing capacity to support hospital operations and cash flow needs.
Contract Details
Contract Amount
$1,350,000.00
Vendor
FIRST STATE BANK OF GRAHAM TX
Agency
Hamilton Hospital, TX
Contract Type
FINANCIAL_SERVICES
Document Date
February 27, 2026
Contract Term
twelve months at 5.5% fixed rate
Renewal Date
2027-02-27
Renewal Info
Revolving Line of Credit Note #90798 renewed for a new twelve-month term at a fixed 5.5% interest rate. Future renewals would require additional board approval.
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