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Baldwin County Awards $7,000,000 Loan Contract to Magnolia State Bank (February 2025)

Baldwin County logoBaldwin County
Disclosed value
$7,000,000
From meeting minutes
Approved
Feb 4, 2025
Term
End of 2025

The 30-second brief

What it covers

The Baldwin County Board of Commissioners authorized a temporary loan of up to $7,000,000 from Magnolia State Bank to cover current year operating expenses until tax revenues are collected at the end of 2025. The loan has an interest rate of 4.49%.

Who holds it

Magnolia State Bank holds this loan contract with Baldwin County. Its other public contracts on record include work for Jasper County.

What happens next

Term as filed: End of 2025.

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Contract details

Contract type
Loan
Amount
$7,000,000
Document date
February 4, 2025
Term
End of 2025
Vendor
Magnolia State Bank
Agency
Baldwin County
Source document
baldwin-county-meeting-minutes-2025-02-04_940.pdf (Meeting Minutes)

Magnolia State Bank's other public contracts

Jasper County, MississippiCounty Approves Lease Purchase With Magnolia State Bank · Oct 6, 2025Jasper County, MississippiAlamo Boom Mower purchased via lease agreement. · Mar 17, 2025$87.8KJasper County, MississippiMagnolia State Bank Lease Approved for Dump Trucks · Feb 18, 2025$460KJasper County, MississippiMagnolia State Bank Lease Approved for Dump Trucks · Feb 18, 2025$645KBaldwin County, Georgia$7 Million Approved for Magnolia Bank Temporary Loan · Feb 18, 2025$7MAll Magnolia State Bank contractsVendor profile

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Questions about this contract

Who was awarded the loan contract by Baldwin County?

Magnolia State Bank was awarded this loan contract by Baldwin County, as recorded on February 4, 2025. The contract value is $7,000,000.

How much is the Magnolia State Bank contract with Baldwin County worth?

The Magnolia State Bank contract with Baldwin County is valued at $7,000,000, covering loan work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in baldwin-county-meeting-minutes-2025-02-04_940.pdf (Meeting Minutes), dated February 4, 2025 from Baldwin County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Magnolia State Bank hold?

Magnolia State 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.

What is Baldwin County currently buying?

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

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