FINANCIAL_SERVICESAPPROVED

Town of Four Oaks Awards Financial Services Contract to Ks Bank (January 2026)

The Town of Four Oaks Board of Commissioners approved an economic development incentive agreement with KS Bank, granting 50% of ad valorem taxes paid for two years contingent on the bank relocating its operations center to town. The grant is anticipated for 2028 and 2029 to support new jobs and economic investment.

Status
APPROVED
Document date
January 20, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Ks Bank
Agency
Town of Four Oaks · NC

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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
50% of the ad valorem taxes paid for two years (projected grant for 2028 and 2029)
Contract type
FINANCIAL_SERVICES
Contract term
2 years (projected for 2028 and 2029)
Renewal date
2029-12-31
Renewal
Grant term is for two years, no renewable terms specified.
Document type
Minutes
Source document
Town of Four Oaks Board of Commissioners Meeting Minutes January 2026

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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 Four Oaks?

Ks Bank was awarded this financial services contract by Town of Four Oaks, as recorded on January 20, 2026. The contract value is 50% of the ad valorem taxes paid for two years (projected grant for 2028 and 2029).

How much is the Ks Bank contract with Town of Four Oaks worth?

The Ks Bank contract with Town of Four Oaks is valued at 50% of the ad valorem taxes paid for two years (projected grant for 2028 and 2029), 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 Town of Four Oaks Board of Commissioners Meeting Minutes January 2026 (Minutes), dated January 20, 2026 from Town of Four Oaks. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Ks Bank hold?

Ks 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 Ks Bank's profile

What is Town of Four Oaks currently buying?

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

View Town of Four Oaks's profile

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