Civic IQ
FINANCIAL_SERVICESONGOING

Live Oak Letter of Credit Supports Exelo Development

Live Oak Banking Company continues to provide an irrevocable letter of credit originally totaling $552,142.80 to secure Exelo Holdings, LLC’s site improvements at 5502-5518 Hamilton Boulevard. Following the latest reduction, the outstanding security balance stands at $24,057.55.

Document date · May 20, 2026

Issuing agencyTown of Lower MacungieVendorLive Oak Banking Company

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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
$552,142.80
Contract type
FINANCIAL_SERVICES
Renewal
Letter of credit remains in effect under the August 28, 2023 Land Development Improvements Agreement until all improvements are completed and remaining security is released.
Document type
AgendaPacket
Source document
Lower Macungie Township Board of Commissioners Meeting Agenda Packet May 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 Town of Lower Macungie?

Live Oak Banking Company was awarded this financial services contract by Town of Lower Macungie, as recorded on May 20, 2026. The contract value is $552,142.80.

How much is the Live Oak Banking Company contract with Town of Lower Macungie worth?

The Live Oak Banking Company contract with Town of Lower Macungie is valued at $552,142.80, covering financial services work.

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 Lower Macungie Township Board of Commissioners Meeting Agenda Packet May 2026 (AgendaPacket), dated May 20, 2026 from Town of Lower Macungie. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Live Oak Banking Company hold?

Live Oak Banking Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Town of Lower Macungie currently buying?

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