City of Manchester Awards Financial Services Contract to F&m Bank (June 2026)

The Manchester City Council approved a parity bond ordinance authorizing issuance of the Water and Sewer Revenue Bond, Series 2026, to be purchased by F&M Bank. The new 15-year bond, set at a 4.65% fixed rate for seven years with flexible prepayment, will replace the 2013A obligation and is expected to significantly lower annual debt service.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

15-year obligation; fixed rate 4.65% for first seven years; monthly payments

Renewal

New bond issuance replacing the 2013A water and sewer revenue bond; callable any time without penalty and may be refinanced in the future.

Document type

Minutes

Source document

City of Manchester Mayor and City Council Work Session Minutes 2026-06-24

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Manchester?

F&m Bank was awarded this financial services contract by City of Manchester, as recorded on June 24, 2026.

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 City of Manchester Mayor and City Council Work Session Minutes 2026-06-24 (Minutes), dated June 24, 2026 from City of Manchester. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does F&m Bank hold?

F&m 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.

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What is City of Manchester currently buying?

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City of Manchester Awards Financial Services Contract to F&m Bank (June 2026)

Scope & details

Related contracts

Frequently asked questions

Who was awarded the financial services contract by City of Manchester?

What type of contract is this?

Where was this contract approved?

What other contracts does F&m Bank hold?

What is City of Manchester currently buying?

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