Loanapproved

Colbert County Awards $300,000 Loan Contract to First Metro Bank (November 2025)

First Metro Bank approved for $300,000 loan to finance five fleet vehicles for Sheriff's Department over a term starting with six-month draw period and followed by four annual payments.

Status
approved
Document date
November 4, 2025
Contract type
Loan
Vendor
First Metro Bank
Agency
Colbert County · AL

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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
$300,000.00
Contract type
Loan
Contract term
Six-month draw period with interest payable at maturity, then converting to four (4) annual principal and interest payments
Renewal date
NA
Renewal
Resolution Number 2026-0002 authorizes loan for vehicle purchase
Document type
Minutes
Source document
colbert_county_commission_minutes_november_2025.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the loan contract by Colbert County?

First Metro Bank was awarded this loan contract by Colbert County, as recorded on November 4, 2025. The contract value is $300,000.00.

How much is the First Metro Bank contract with Colbert County worth?

The First Metro Bank contract with Colbert County is valued at $300,000.00, covering loan work.

What type of contract is this?

This is a Loan contract, documented as a minutes record.

Where was this contract approved?

This contract appears in colbert_county_commission_minutes_november_2025.pdf (Minutes), dated November 4, 2025 from Colbert County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First Metro Bank hold?

First Metro 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 Metro Bank's profile

What is Colbert County currently buying?

Explore Colbert County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Colbert County's profile

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