Township of Franklin School District Awards Financial Services Contract to First American Commercial Bancorp Inc (November 2025)
Township of Franklin School DistrictSchool · Franklinville, NJ- Disclosed value
- Not to exceed $209,075.57 principal; 4.40% interest
- From minutes
- Approved
- Nov 17, 2025
- Term
- Term not to exceed five (5) years
The 30-second brief
The board approved a lease-purchase financing agreement with First American Commercial Bancorp Inc. for up to $209,075.57 in principal at 4.40% interest over no more than five years to acquire a new 24-passenger wheelchair-accessible school bus and a maintenance truck. This financing supports the district's vehicle replacement schedule.
First American Commercial Bancorp Inc holds this financial services contract with Township of Franklin School District. Its other public contracts on record include work for Carmel Central School District and AL-State-Alabama Alcoholic Beverage Control Board.
Term as filed: Term not to exceed five (5) years.
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed $209,075.57 principal; 4.40% interest
- Document date
- November 17, 2025
- Term
- Term not to exceed five (5) years
- Source document
- township_of_franklin_public_schools_board_minutes.pdf (Minutes)
First American Commercial Bancorp Inc's other public contracts
More Township of Franklin School District contracts
Questions about this contract
Who was awarded the financial services contract by Township of Franklin School District?
First American Commercial Bancorp Inc was awarded this financial services contract by Township of Franklin School District, as recorded on November 17, 2025. The contract value is Not to exceed $209,075.57 principal; 4.40% interest.
How much is the First American Commercial Bancorp Inc contract with Township of Franklin School District worth?
The First American Commercial Bancorp Inc contract with Township of Franklin School District is valued at Not to exceed $209,075.57 principal; 4.40% interest, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in township_of_franklin_public_schools_board_minutes.pdf (Minutes), dated November 17, 2025 from Township of Franklin School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does First American Commercial Bancorp Inc hold?
First American Commercial Bancorp Inc 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 Township of Franklin School District currently buying?
Explore Township of Franklin School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.