City considers Truist vehicle and equipment financing

City staff recommend entering into an installment purchase contract with Truist Bank to finance vehicles and equipment approved in the FY26 and FY27 budgets at a 3.85% interest rate with no prepayment penalty or fees. The Board will consider adopting two resolutions to formalize the financing terms.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Document type

AgendaPacket

Source document

City of New Bern Board of Aldermen Agenda Packet 2026-06-09

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of New Bern?

Truist Bank was awarded this financial services contract by City of New Bern, as recorded on June 9, 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 City of New Bern Board of Aldermen Agenda Packet 2026-06-09 (AgendaPacket), dated June 9, 2026 from City of New Bern. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Truist Bank hold?

Truist 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 Truist Bank's profile

What is City of New Bern currently buying?

Explore City of New Bern's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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City considers Truist vehicle and equipment financing

Scope & details

Related contracts

Frequently asked questions

Who was awarded the financial services contract by City of New Bern?

What type of contract is this?

Where was this contract approved?

What other contracts does Truist Bank hold?

What is City of New Bern currently buying?

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