FINANCIAL_SERVICESONGOING

Royal Bank Term Loan Finances Town Capital

The Town of Deep River continues to service a demand term loan from Royal Bank, maturing in August 2026, with blended monthly payments of $22,074 at an interest rate of prime minus 0.85%. The loan supports municipal capital financing needs.

Status
ONGOING
Document date
July 22, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Royal Bank
Agency
Town of Deep River · Canada

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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 type
FINANCIAL_SERVICES
Contract term
Demand term loan maturing August 2026, blended monthly payments of $22,074 at prime less 0.85%
Renewal date
2026-08-31
Renewal
Loan is scheduled to mature in August 2026; any renewal or refinancing would require a new agreement with Royal Bank, not described in the note.
Document type
AgendaPacket
Source document
Town of Deep River AgendaPacket Special Council Meeting 2026-07-22

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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 Deep River?

Royal Bank was awarded this financial services contract by Town of Deep River, as recorded on July 22, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Town of Deep River AgendaPacket Special Council Meeting 2026-07-22 (AgendaPacket), dated July 22, 2026 from Town of Deep River. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Royal Bank hold?

Royal 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.

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What is Town of Deep River currently buying?

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

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