Town of Mount Vernon Awards $6,000,000 Line Of Credit Contract to Banterra Bank (March 2025)
Town of Mount VernonCity · AL- Disclosed value
- $6,000,000
- From meeting minutes
- Approved
- Mar 3, 2025
- Term
- 1 year
The 30-second brief
City of Mt. Vernon approves renewing the line of credit with Banterra Bank for overdraft protection with regard to City of Mt. Vernon Banking Services. This provides the City with a $6 million dollar line of credit if needed for the year.
Banterra Bank holds this line of credit contract with Town of Mount Vernon. Its other public contracts on record include work for City of Carbondale city and City of Christopher.
Term as filed: 1 year.
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Contract details
- Contract type
- Line Of Credit
- Amount
- $6,000,000
- Document date
- March 3, 2025
- Term
- 1 year
- Vendor
- Banterra Bank
- Agency
- Town of Mount Vernon
- Source document
- town-of-mount-vernon-meeting-minutes-2025-03-03_368.pdf (Meeting Minutes)
Banterra Bank's other public contracts
More Town of Mount Vernon contracts
Questions about this contract
Who was awarded the line of credit contract by Town of Mount Vernon?
Banterra Bank was awarded this line of credit contract by Town of Mount Vernon, as recorded on March 3, 2025. The contract value is $6,000,000.
How much is the Banterra Bank contract with Town of Mount Vernon worth?
The Banterra Bank contract with Town of Mount Vernon is valued at $6,000,000, covering line of credit work.
What type of contract is this?
This is a Line Of Credit contract, documented as a meeting minutes record.
Where was this contract approved?
This contract appears in town-of-mount-vernon-meeting-minutes-2025-03-03_368.pdf (Meeting Minutes), dated March 3, 2025 from Town of Mount Vernon. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Banterra Bank hold?
Banterra 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 Town of Mount Vernon currently buying?
Explore Town of Mount Vernon's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.