FINANCIAL_SERVICESAPPROVED

Town of Bucksport Awards Financial Services Contract to Bangor Savings Bank (July 2026)

The Bucksport Town Council authorized issuance of a Tax Anticipation Note of up to $3,000,000 and awarded the borrowing to Bangor Savings Bank, with the note maturing on or before June 30, 2027. The Treasurer is empowered to issue the TAN in series as needed during FY 2027 under tax-exempt status.

Status
APPROVED
Document date
July 16, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Bangor Savings Bank
Agency
Town of Bucksport · ME

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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
Not to exceed $3,000,000
Contract type
FINANCIAL_SERVICES
Contract term
Fiscal year ending June 30, 2027; TAN to mature on or before June 30, 2027
Renewal date
2027-06-30
Renewal
Single-year tax anticipation borrowing for FY 2027; no renewal options described. Any future TANs would require separate authorization.
Document type
AgendaPacket
Source document
Bucksport Town Council Agenda Packet 2026-07-16

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Frequently asked questions

Common questions about this contract, answered from the record.

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

Bangor Savings Bank was awarded this financial services contract by Town of Bucksport, as recorded on July 16, 2026. The contract value is Not to exceed $3,000,000.

How much is the Bangor Savings Bank contract with Town of Bucksport worth?

The Bangor Savings Bank contract with Town of Bucksport is valued at Not to exceed $3,000,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Bucksport Town Council Agenda Packet 2026-07-16 (AgendaPacket), dated July 16, 2026 from Town of Bucksport. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bangor Savings Bank hold?

Bangor 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.

View Bangor Savings Bank's profile

What is Town of Bucksport currently buying?

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

View Town of Bucksport's profile

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