Jermyn Borough Council Meeting Minutes March 2026
Council Approves Three-Year Loan from First National Bank
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Description
Jermyn Borough Council approved a three-year $415,300 loan from First National Bank at a 4.30% interest rate to finance paving and sewer projects tied to reimbursable grants. The borrowing will support upfront costs while grant reimbursements are processed.
Contract Details
Contract Amount
$415,300.00
Vendor
FIRST NATIONAL BANK
Agency
Borough of Jermyn, PA
Contract Type
FINANCIAL_SERVICES
Document Date
March 19, 2026
Contract Term
Three-year loan at 4.30% interest rate
Renewal Info
Three-year fixed term loan; no renewal terms mentioned in minutes.
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