CONTRACTAPPROVED

Town of Hastings Awards $1,690,304 Financial Assurance Letter Of Credit Contract to Five Points Bank (September 2025)

Town of Hastings logoTown of Hastings
Disclosed value
$1,690,304.25
From agreement
Approved
Sep 24, 2025
Term
September 24, 2025 – September 24, 2026

The 30-second brief

What it covers

Five Points Bank of Hastings issued an irrevocable standby letter of credit for $1,690,304.25 to the EPA, guaranteeing funds for closure and post-closure care of hazardous waste facilities from September 24, 2025 to September 24, 2026.

Who holds it

Five Points Bank holds this financial assurance letter of credit contract with Town of Hastings. Its other public contracts on record include work for Springfield Platteview Community Schools and City of Torrington.

What happens next

Term as filed: September 24, 2025 – September 24, 2026.

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Contract details

Contract type
Financial Assurance Letter Of Credit
Amount
$1,690,304.25
Document date
September 24, 2025
Term
September 24, 2025 – September 24, 2026
Source document
town-of-hastings-standby-trust-agreement_1fe.pdf (Agreement)

Five Points Bank's other public contracts

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Questions about this contract

Who was awarded the financial assurance letter of credit contract by Town of Hastings?

Five Points Bank was awarded this financial assurance letter of credit contract by Town of Hastings, as recorded on September 24, 2025. The contract value is $1,690,304.25.

How much is the Five Points Bank contract with Town of Hastings worth?

The Five Points Bank contract with Town of Hastings is valued at $1,690,304.25, covering financial assurance letter of credit work.

What type of contract is this?

This is a Financial Assurance Letter Of Credit contract, documented as a agreement record.

Where was this contract approved?

This contract appears in town-of-hastings-standby-trust-agreement_1fe.pdf (Agreement), dated September 24, 2025 from Town of Hastings. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Five Points Bank hold?

Five Points 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 Hastings currently buying?

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

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