FINANCIAL_SERVICESREJECTED

First National Bank Submits Unselected TAN Proposal

First National Bank submitted a proposal to provide Bucksport’s $3,000,000 tax anticipation borrowing at a fixed 5.28% rate for a term running to June 30, 2027, with estimated interest cost of about $154,100. The offer was considered alongside other bids but was not selected, as the council awarded the TAN to Bangor Savings Bank.

Status
REJECTED
Document date
July 16, 2026
Contract type
FINANCIAL_SERVICES
Vendor
First National 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
$3,000,000; total interest approximately $154,100.00 at 5.28% for one year (365/360 basis)
Contract type
FINANCIAL_SERVICES
Contract term
One year from July 20, 2026 to June 30, 2027 (proposed TAN)
Renewal date
2027-06-30
Renewal
Single-year TAN proposal only; would not renew automatically and was not awarded by the council.
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?

First National Bank was awarded this financial services contract by Town of Bucksport, as recorded on July 16, 2026. The contract value is $3,000,000; total interest approximately $154,100.00 at 5.28% for one year (365/360 basis).

How much is the First National Bank contract with Town of Bucksport worth?

The First National Bank contract with Town of Bucksport is valued at $3,000,000; total interest approximately $154,100.00 at 5.28% for one year (365/360 basis), 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 First National Bank hold?

First National 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 First National 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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