CONTRACTRENEWED

$2M CD Renewed with Mascoma Savings Bank

Disclosed value: $2,000,000 plus accumulated interest, 4.4% rate (4.5% APY); From agenda
Document date: Dec 11, 2024
Term: 6 months

What it covers

The Norwich Selectboard renewed a $2,000,000 CD with Mascoma Savings Bank for 6 months at a 4.4% interest rate, reinvesting the principal and accumulated interest.

Who holds it

Mascoma Savings Bank holds this financial services contract with Town of Norwich. Its other public contracts on record include work for Town of Orford and Grafton County.

What happens next

Term as filed: 6 months.

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Contract details

Contract type: Financial Services
Amount: $2,000,000 plus accumulated interest, 4.4% rate (4.5% APY)
Document date: December 11, 2024
Term: 6 months
Vendor: Mascoma Savings Bank
Agency: Town of Norwich
Source document: norwich_selectboard_regular_meeting_agenda_decembe.pdf (Agenda)

Mascoma Savings Bank's other public contracts

Town of Orford, New HampshireMascoma Savings Bank to Provide Line of Credit for Bridge Project · Mar 5, 2026 Grafton County, New HampshireCounty Maintains ICS Funds at Mascoma Savings · Nov 17, 2025$22.8K Town of New London, New HampshireTown refinances Mascoma bank loans for savings · Oct 3, 2025 City of Barre, VermontBarre Approves Mascoma Savings Bank Payment · Jul 1, 2025$450 Town of Grafton, New HampshireLibrary Updates Authorized Access with Mascoma Savings Bank · Apr 24, 2025Undisclosed All Mascoma Savings Bank contractsVendor profile

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Questions about this contract

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

Mascoma Savings Bank was awarded this financial services contract by Town of Norwich, as recorded on December 11, 2024. The contract value is $2,000,000 plus accumulated interest, 4.4% rate (4.5% APY).

How much is the Mascoma Savings Bank contract with Town of Norwich worth?

The Mascoma Savings Bank contract with Town of Norwich is valued at $2,000,000 plus accumulated interest, 4.4% rate (4.5% APY), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in norwich_selectboard_regular_meeting_agenda_decembe.pdf (Agenda), dated December 11, 2024 from Town of Norwich. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Mascoma Savings Bank hold?

Mascoma Savings 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 Town of Norwich currently buying?

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

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