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City of Hallowell Awards $350,000 Investment Contract to Androscoggin Bank (May 2025)

City of Hallowell logoCity of Hallowell
Disclosed value
$350,000
From report
Approved
May 5, 2025
Term
6 months

The 30-second brief

What it covers

Androscoggin Bank awarded a $350,000 6-month CDARS investment contract yielding 4.25% interest.

Who holds it

Androscoggin Bank holds this investment contract with City of Hallowell. Its other public contracts on record include work for Town of Lisbon and Town of Minot.

What happens next

Term as filed: 6 months.

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Contract details

Contract type
Investment
Amount
$350,000
Document date
May 5, 2025
Term
6 months
Vendor
Androscoggin Bank
Agency
City of Hallowell
Source document
city_of_hallowell_revenue_summary_report_april_202.pdf (Report)

Androscoggin Bank's other public contracts

Town of Lisbon, MaineLisbon Maintains Municipal Accounts At Androscoggin Bank · Oct 20, 2026UndisclosedTown of Minot, MaineMinot Discusses Plow Truck Financing With Androscoggin Bank · Oct 19, 2026UndisclosedTown of Pittsfield, MainePittsfield Considers Androscoggin Bank Truck Financing · Oct 6, 2026UndisclosedTown of Pittsfield, MainePittsfield Reviews Androscoggin Bank Truck Financing · Oct 6, 2026$108.3KRegional School Unit 38, MaineAndroscoggin Bank Approved for School Bus Lease Purchase · Sep 9, 2026$155.8KAll Androscoggin Bank contractsVendor profile

More City of Hallowell contracts

Cunningham Security SystemsHallowell Considers Cunningham City Hall Security System · Oct 11, 2026CMCHallowell Reviews CMC City Hall Camera Quote · Oct 11, 2026UndisclosedKVCOGHallowell Funds KVCOG Planning Services · Sep 30, 2026TRIOAssessors Budget $8,750 for TRIO Software Licensing · Sep 30, 2026TRIOHallowell Budgets $2,400 for TRIO Software Licensing · Sep 30, 2026All City of Hallowell activityAgency profile

Questions about this contract

Who was awarded the investment contract by City of Hallowell?

Androscoggin Bank was awarded this investment contract by City of Hallowell, as recorded on May 5, 2025. The contract value is $350,000.

How much is the Androscoggin Bank contract with City of Hallowell worth?

The Androscoggin Bank contract with City of Hallowell is valued at $350,000, covering investment work.

What type of contract is this?

This is a Investment contract, documented as a report record.

Where was this contract approved?

This contract appears in city_of_hallowell_revenue_summary_report_april_202.pdf (Report), dated May 5, 2025 from City of Hallowell. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Androscoggin Bank hold?

Androscoggin 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 City of Hallowell currently buying?

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

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