City Explores Loan with Merchants and Planters Bank
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Description
The Tuckerman council directed Mayor Graham to work with Merchants and Planters Bank to arrange a loan, likely around $70,000, to address outstanding Tuckerman Water and Sewer Department obligations, using a city CD as collateral. Final loan terms and amount will be brought back to the council for consideration.
Contract Details
Contract Amount
Roughly $70,000.00 (amount to be determined)
Vendor
MERCHANTS & PLANTERS BANK
Agency
City of Tuckerman, AR
Contract Type
FINANCIAL_SERVICES
Document Date
November 14, 2025
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