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City of Charles Awards $5,150,000 Bond Contract to Truist Bank (November 2025)

City of Charles logoCity of Charles
Disclosed value
$5,150,000
From resolution
Approved
Nov 6, 2025
Term
15 years

See who signed off on this $5.2M contract.

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THE 30-SECOND BRIEF

What it covers

Truist Bank has been awarded a $5.15 million contract by the Township of Charles City, Virginia. The contract involves Taxable Lease Revenue Bond, Series 2025A to reimburse the County for prior capital expenditures, including construction costs for the Fire Station #2 project, multi-use community facilities, and water/sewer projects. The bond will mature no later than December 31, 2041, with a fixed interest rate not exceeding 5.694% per annum.

Who holds it

Truist Bank holds this bond contract with City of Charles. Its other public contracts on record include work for North Carolina Department of State Treasurer | State of North Carolina and Town of Broadway.

What happens next

Term as filed: 15 years.

Contract details

Contract type
Bond
Amount
$5,150,000
Document date
November 6, 2025
Term
15 years
Vendor
Truist Bank
Agency
City of Charles
Source document
city-of-charles-resolution-november-6-2025_57c.pdf (Resolution)

Truist Bank's other public contracts

North Carolina Department of State Treasurer | State of North Carolina, North CarolinaMebane Approves Truist Financing for Equipment Building · Oct 15, 2026$1.6MNorth Carolina Department of State Treasurer | State of North Carolina, North CarolinaGivens Estates Names Truist Bank Bond Trustee · Oct 15, 2026UndisclosedTown of Broadway, VirginiaBroadway Continues Truist Library Loan Payments · Oct 15, 2026Wise county Redevelopment & Housing Authority, VirginiaAuthority Pays Truist for Banking-Related Charges · Oct 13, 2026$2.1KRockbridge County Public Schools, VirginiaTruist Invoice for Steam-Table Pans Held · Oct 13, 2026$228.9All Truist Bank contractsVendor profile

More City of Charles contracts

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Questions about this contract

Who was awarded the bond contract by City of Charles?

Truist Bank was awarded this bond contract by City of Charles, as recorded on November 6, 2025. The contract value is $5,150,000.

How much is the Truist Bank contract with City of Charles worth?

The Truist Bank contract with City of Charles is valued at $5,150,000, covering bond work.

What type of contract is this?

This is a Bond contract, documented as a resolution record.

Where was this contract approved?

This contract appears in city-of-charles-resolution-november-6-2025_57c.pdf (Resolution), dated November 6, 2025 from City of Charles. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Truist Bank hold?

Truist 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 Charles currently buying?

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

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