FINANCIAL_SERVICESDISCUSSED

Town Considers Gorham Savings Bank Loan for Cruiser

Frye Island officials discussed financing a new police cruiser and associated equipment totaling $65,000 through a loan from Gorham Savings Bank. The proposal would support startup of the town’s new police department.

Status
DISCUSSED
Document date
March 4, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Gorham Savings Bank
Agency
Town of Frye Island · 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
$45,000.00 vehicle plus $20,000.00 police equipment (to be financed by loan)
Contract type
FINANCIAL_SERVICES
Document type
Minutes
Source document
Town of Frye Island Board of Selectmen/BIT Executive Committee Meeting Minutes March 2026

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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 Frye Island?

Gorham Savings Bank was awarded this financial services contract by Town of Frye Island, as recorded on March 4, 2026. The contract value is $45,000.00 vehicle plus $20,000.00 police equipment (to be financed by loan).

How much is the Gorham Savings Bank contract with Town of Frye Island worth?

The Gorham Savings Bank contract with Town of Frye Island is valued at $45,000.00 vehicle plus $20,000.00 police equipment (to be financed by loan), 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 Frye Island Board of Selectmen/BIT Executive Committee Meeting Minutes March 2026 (Minutes), dated March 4, 2026 from Town of Frye Island. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Gorham Savings Bank hold?

Gorham Savings 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 Gorham Savings Bank's profile

What is Town of Frye Island currently buying?

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

View Town of Frye Island's profile

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