City of Eustis Awards Financial Services Contract to United Southern Bank (October 2025)

Scope & details

The full contract record, as filed.

Contract amount

$3,000,000 original principal; $2,415,777.15 balloon payoff

Contract type

FINANCIAL_SERVICES

Contract term

5-year loan issued September 20, 2020 with balloon payment due September 4, 2025

Renewal date

2025-09-04

Renewal

Loan term ended with balloon payoff on 2025-09-04; refinancing is now handled via an internal General Fund–CRA promissory note under Resolution 25-75.

Document type

Agenda

Source document

city-of-eustis-city-commission-meeting-agenda-october-23-2025_ec3.pdf

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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 Eustis?

United Southern Bank was awarded this financial services contract by City of Eustis, as recorded on October 23, 2025. The contract value is $3,000,000 original principal; $2,415,777.15 balloon payoff.

How much is the United Southern Bank contract with City of Eustis worth?

The United Southern Bank contract with City of Eustis is valued at $3,000,000 original principal; $2,415,777.15 balloon payoff, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-eustis-city-commission-meeting-agenda-october-23-2025_ec3.pdf (Agenda), dated October 23, 2025 from City of Eustis. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does United Southern Bank hold?

United Southern 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 United Southern Bank's profile

What is City of Eustis currently buying?

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

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