FINANCIAL_SERVICESAPPROVED

Town of Canaan Awards $500,000 Financial Services Contract to Community National Bank (July 2026)

Canaan Selectboard approved a $500,000 grant anticipation line of credit with Community National Bank to fund Alice Ward Library Carriage House renovations until grant reimbursements are received. Board members executed all necessary financing documents.

Status
APPROVED
Document date
July 23, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Community National Bank
Agency
Town of Canaan · VT

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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
$500,000
Contract type
FINANCIAL_SERVICES
Contract term
Short-term line of credit for project duration
Renewal
Short-term grant anticipation financing; line of credit expected to be repaid upon receipt of grant funds, with no stated renewal provisions.
Document type
Minutes
Source document
Town of Canaan Selectboard Minutes 2026-07-23

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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 Canaan?

Community National Bank was awarded this financial services contract by Town of Canaan, as recorded on July 23, 2026. The contract value is $500,000.

How much is the Community National Bank contract with Town of Canaan worth?

The Community National Bank contract with Town of Canaan is valued at $500,000, 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 Canaan Selectboard Minutes 2026-07-23 (Minutes), dated July 23, 2026 from Town of Canaan. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Community National Bank hold?

Community 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 Community National Bank's profile

What is Town of Canaan currently buying?

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

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