Revolving Credit Line Proposed by Middletown Valley Bank
Town of GalestownCity · MD- Disclosed value
- $10,000,000
- From proposal
- Document date
- Aug 9, 2024
- Term
- Demand, renewed annually
The 30-second brief
Middletown Valley Bank proposes a revolving line of credit up to $10,000,000 for the Town of Boonsboro, intended for gap financing of capital improvement projects. Interest rates are tied to WSJP or SOFR, and the Town must maintain deposit accounts with MVB.
Middletown Valley Bank holds this revolving line of credit contract with Town of Galestown. Its other public contracts on record include work for Town of Boonsboro and Rosemont village.
Term as filed: Demand, renewed annually.
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Contract details
- Contract type
- Revolving Line Of Credit
- Amount
- $10,000,000
- Document date
- August 9, 2024
- Term
- Demand, renewed annually
- Vendor
- Middletown Valley Bank
- Agency
- Town of Galestown
- Source document
- town-of-galestownproposal2024-08-09_245.pdf (Proposal)
Middletown Valley Bank's other public contracts
More Town of Galestown contracts
Questions about this contract
Who was awarded the revolving line of credit contract by Town of Galestown?
Middletown Valley Bank was awarded this revolving line of credit contract by Town of Galestown, as recorded on August 9, 2024. The contract value is $10,000,000.
How much is the Middletown Valley Bank contract with Town of Galestown worth?
The Middletown Valley Bank contract with Town of Galestown is valued at $10,000,000, covering revolving line of credit work.
What type of contract is this?
This is a Revolving Line Of Credit contract, documented as a proposal record.
Where was this contract approved?
This contract appears in town-of-galestownproposal2024-08-09_245.pdf (Proposal), dated August 9, 2024 from Town of Galestown. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Middletown Valley Bank hold?
Middletown Valley 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 Galestown currently buying?
Explore Town of Galestown's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.