Town of Atoka Board of Mayor and Aldermen Meeting Agenda January 2026
Magnolia Bank Responds to Fire Equipment Note Bid Request
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Description
Magnolia Bank provided an interest quote as a potential lender for Atoka's $647,221 Fire Department Capital Outlay Note under informal bid terms. Final selection pending.
Contract Details
Contract Amount
4.75% interest rate quoted
Vendor
MAGNOLIA BANK
Agency
Town of Atoka, TN
Contract Type
FINANCIAL_SERVICES
Document Date
January 13, 2026
Contract Term
Same as note: up to 10 years (if selected as lender)
Renewal Date
2036-01-13
Renewal Info
Not a renewable contract; one-time selection for municipal note sale.
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