City of Mount Vernon Awards $6,000,000 Line Of Credit Contract to Banterra Bank (March 2024)
City of Mount VernonCity · Mount Vernon, MO- Disclosed value
- $6,000,000.00
- From meeting minutes
- Approved
- Mar 18, 2024
- Term
- 1 year
The 30-second brief
The City renewed a $6 million line of credit with Banterra Bank for overdraft protection at a 6% interest rate. This agreement provides short-term financing for the City's banking services.
Banterra Bank holds this line of credit contract with City of Mount Vernon. Its other public contracts on record include work for City of Carbondale city and City of Christopher.
Term as filed: 1 year.
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Contract details
- Contract type
- Line Of Credit
- Amount
- $6,000,000.00
- Document date
- March 18, 2024
- Term
- 1 year
- Vendor
- Banterra Bank
- Agency
- City of Mount Vernon
- Source document
- city-of-mount-vernon-meeting-minutes-2024-03-18_902.pdf (Meeting Minutes)
Banterra Bank's other public contracts
More City of Mount Vernon contracts
Questions about this contract
Who was awarded the line of credit contract by City of Mount Vernon?
Banterra Bank was awarded this line of credit contract by City of Mount Vernon, as recorded on March 18, 2024. The contract value is $6,000,000.00.
How much is the Banterra Bank contract with City of Mount Vernon worth?
The Banterra Bank contract with City of Mount Vernon is valued at $6,000,000.00, covering line of credit work.
What type of contract is this?
This is a Line Of Credit contract, documented as a meeting minutes record.
Where was this contract approved?
This contract appears in city-of-mount-vernon-meeting-minutes-2024-03-18_902.pdf (Meeting Minutes), dated March 18, 2024 from City of Mount Vernon. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Banterra Bank hold?
Banterra 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 City of Mount Vernon currently buying?
Explore City of Mount Vernon's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.