FINANCIAL_SERVICESAPPROVED

Town of Waterford Awards Financial Services Contract to Passumpsic Bank (January 2026)

The Waterford Selectboard approved a five-year loan with Passumpsic Bank at 4.58% interest to finance the town’s new fire truck, with annual payments of $62,782.42. The decision alters the 2026 Town Budget but is expected to save about $20,000 in interest compared to a seven-year term.

Status
APPROVED
Document date
January 12, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Passumpsic Bank
Agency
Town of Waterford · VT

Trusted by teams at

Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$62,782.42 per year for 5 years
Contract type
FINANCIAL_SERVICES
Contract term
5-year loan
Document type
Minutes
Source document
Waterford Selectboard Minutes January 2026

Related contracts

Other contracts from Passumpsic Bank.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

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

Passumpsic Bank was awarded this financial services contract by Town of Waterford, as recorded on January 12, 2026. The contract value is $62,782.42 per year for 5 years.

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

The Passumpsic Bank contract with Town of Waterford is valued at $62,782.42 per year for 5 years, 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 Waterford Selectboard Minutes January 2026 (Minutes), dated January 12, 2026 from Town of Waterford. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Passumpsic Bank hold?

Passumpsic 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.

View Passumpsic Bank's profile

What is Town of Waterford currently buying?

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

View Town of Waterford's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free