First Citizens Bank Plans Warranty Letter of Credit for Swansgate

First Citizens Bank has committed to issuing a 12‑month stand‑by letter of credit to A. Sydes Construction for the Swansgate Subdivision streets and sidewalks once Swansboro’s Town Council grants approval. The letter of credit will match the engineer’s cost opinion, providing the required one-year warranty surety for public infrastructure.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

12-month stand-by letter of credit

Renewal

Stand-by letter of credit to be issued for a 12‑month warranty period upon Town approval; renewal or replacement would be subject to separate arrangements if required after the warranty expires.

Document type

AgendaPacket

Source document

Town of Swansboro Board of Commissioners Agenda Packet 2026-07-14

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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 Swansboro?

First Citizens Bank was awarded this financial services contract by Town of Swansboro, as recorded on July 14, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of Swansboro Board of Commissioners Agenda Packet 2026-07-14 (AgendaPacket), dated July 14, 2026 from Town of Swansboro. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First Citizens Bank hold?

First Citizens 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.

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What is Town of Swansboro currently buying?

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First Citizens Bank Plans Warranty Letter of Credit for Swansgate

Scope & details

Related contracts

Frequently asked questions

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

What type of contract is this?

Where was this contract approved?

What other contracts does First Citizens Bank hold?

What is Town of Swansboro currently buying?

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