FINANCIAL_SERVICESRECOMMENDED

Conway National Bank Letter of Credit Renewal Recommended

Conway National Bank provides the infrastructure letter of credit for Beverly Homes LLC’s Woodside Crossing project, with staff recommending a renewal at a reduced amount of $445,729.00 for one additional year.

Status
RECOMMENDED
Document date
February 5, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Conway National Bank
Agency
City of Conway · SC

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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
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
$445,729.00 (letter of credit #3524)
Contract type
FINANCIAL_SERVICES
Contract term
Expires March 1, 2026, with proposed one-year extension
Renewal date
2027-03-01
Renewal
Initial term was 12 months, administratively renewed for an additional 12 months, now pending first Planning Commission renewal for a further 12-month term.
Document type
Agenda
Source document
City of Conway Planning Commission Meeting Agenda February 5, 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 Conway?

Conway National Bank was awarded this financial services contract by City of Conway, as recorded on February 5, 2026. The contract value is $445,729.00 (letter of credit #3524).

How much is the Conway National Bank contract with City of Conway worth?

The Conway National Bank contract with City of Conway is valued at $445,729.00 (letter of credit #3524), 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 Conway Planning Commission Meeting Agenda February 5, 2026 (Agenda), dated February 5, 2026 from City of Conway. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Conway National Bank hold?

Conway National 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 Conway National Bank's profile

What is City of Conway currently buying?

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

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