Old Town Water District Awards $250,000 Financial Services Contract to Bangor Savings Bank (March 2023)
Old Town Water DistrictUtility District · Old Town, ME- Disclosed value
- $250,000
- From minutes
- Approved
- Mar 14, 2023
- Term
- 12 months at an interest rate of 3.75%
The 30-second brief
The Old Town Water District Board approved placing $250,000 in a 12‑month certificate of deposit with Bangor Savings Bank at a 3.75% interest rate. The action is intended to earn higher interest on district funds over the one‑year term.
Bangor Savings Bank holds this financial services contract with Old Town Water District. Its other public contracts on record include work for Town of Hampden and City of Belfast.
Term as filed: 12 months at an interest rate of 3.75%.
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Contract details
- Contract type
- Financial Services
- Amount
- $250,000
- Document date
- March 14, 2023
- Term
- 12 months at an interest rate of 3.75%
- Vendor
- Bangor Savings Bank
- Agency
- Old Town Water District
- Source document
- Old Town Water District Board of Trustees Meeting Minutes March 2023 (Minutes)
Bangor Savings Bank's other public contracts
More Old Town Water District contracts
Questions about this contract
Who was awarded the financial services contract by Old Town Water District?
Bangor Savings Bank was awarded this financial services contract by Old Town Water District, as recorded on March 14, 2023. The contract value is $250,000.
How much is the Bangor Savings Bank contract with Old Town Water District worth?
The Bangor Savings Bank contract with Old Town Water District is valued at $250,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Old Town Water District Board of Trustees Meeting Minutes March 2023 (Minutes), dated March 14, 2023 from Old Town Water District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Bangor Savings Bank hold?
Bangor Savings 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 Old Town Water District currently buying?
Explore Old Town Water District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.