FINANCIAL_SERVICESAPPROVED

City of Lake Wales Awards Financial Services Contract to The Bancorp Bank National Association (February 2026)

The City of Lake Wales will finance the acquisition of its new police vehicles using a 60-month master lease with The Bancorp Bank, National Association. Payments are structured annually with a non-appropriation clause allowing for vehicle return if budgetary constraints arise.

Document date · February 11, 2026

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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 amount
$436,455.00 (Chevrolet Tahoes); $142,731.60 (Ford Mustangs); $7,274.25/mo (5 vehicles), $2,378.86/mo (2 vehicles) for 60 months
Contract type
FINANCIAL_SERVICES
Contract term
60 months, with annual payment and non-appropriation clause
Renewal date
2031-02-28
Renewal
Five year lease term with annual appropriations, non-appropriation clause built-in. Lease ends 60 months after contract execution per vehicle batch.
Document type
Agenda
Source document
City of Lake Wales Commission Workshop Meeting Agenda February 2026

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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 Lake Wales?

The Bancorp Bank National Association was awarded this financial services contract by City of Lake Wales, as recorded on February 11, 2026. The contract value is $436,455.00 (Chevrolet Tahoes); $142,731.60 (Ford Mustangs); $7,274.25/mo (5 vehicles), $2,378.86/mo (2 vehicles) for 60 months.

How much is the The Bancorp Bank National Association contract with City of Lake Wales worth?

The The Bancorp Bank National Association contract with City of Lake Wales is valued at $436,455.00 (Chevrolet Tahoes); $142,731.60 (Ford Mustangs); $7,274.25/mo (5 vehicles), $2,378.86/mo (2 vehicles) for 60 months, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Lake Wales Commission Workshop Meeting Agenda February 2026 (Agenda), dated February 11, 2026 from City of Lake Wales. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does The Bancorp Bank National Association hold?

The Bancorp Bank National Association 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 The Bancorp Bank National Association's profile

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