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Henderson considering $1.7M loan with Benchmark Bank

City of Henderson
Disclosed value
$1,702,623.50
From agenda
Document date
Sep 8, 2025
Term
5 years

The 30-second brief

What it covers

City of Henderson is considering approving a five-year loan with Benchmark Bank for $1,702,623.50 to finance the completion of the William and Montgomery streets Splash Park. The loan has a quoted interest rate of 3.84%.

Who holds it

Benchmark Bank holds this loan contract with City of Henderson. Its other public contracts on record include work for Heritage Classical Academy School and Virginia Tobacco Region Revitalization Commission.

What happens next

Term as filed: 5 years.

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Contract details

Contract type
Loan
Amount
$1,702,623.50
Document date
September 8, 2025
Term
5 years
Vendor
Benchmark Bank
Agency
City of Henderson
Source document
city-of-henderson-city-council-regular-meeting-agenda-september-8-2025_665.pdf (Agenda)

Benchmark Bank's other public contracts

Heritage Classical Academy School, TexasHeritage Classical Academy Renews Benchmark Bank Credit Line · Sep 15, 2026UndisclosedVirginia Tobacco Region Revitalization Commission, VirginiaBenchmark Bank Construction Financing Supports Hotel Redevelopment · Aug 31, 2026UndisclosedTown of Boydton, VirginiaBoydton Prepares To Establish Accounts With Benchmark Bank · Jul 14, 2026UndisclosedTown of Boydton, VirginiaTown Moves Operating Account to Benchmark Bank · Jun 9, 2026UndisclosedTown of Boydton, VirginiaBenchmark Bank Receives Town CD Transfer · Apr 14, 2026UndisclosedAll Benchmark Bank contractsVendor profile

More City of Henderson contracts

Janssen PharmaceuticalsHenderson Participates in Janssen Opioid Settlement · Oct 11, 2026UndisclosedFranklin CountyHenderson Water Agreement Amendment Supports Franklin County Growth · Oct 11, 2026CARDINALHenderson Participates in Cardinal Opioid Settlement · Oct 11, 2026UndisclosedT-MOBILEHenderson Reports T-Mobile Agreement Revenue · Oct 11, 2026UndisclosedVance RecoveryHenderson Funds Vance Recovery Employment Services · Oct 11, 2026$1KAll City of Henderson activityAgency profile

Questions about this contract

Who was awarded the loan contract by City of Henderson?

Benchmark Bank was awarded this loan contract by City of Henderson, as recorded on September 8, 2025. The contract value is $1,702,623.50.

How much is the Benchmark Bank contract with City of Henderson worth?

The Benchmark Bank contract with City of Henderson is valued at $1,702,623.50, covering loan work.

What type of contract is this?

This is a Loan contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-henderson-city-council-regular-meeting-agenda-september-8-2025_665.pdf (Agenda), dated September 8, 2025 from City of Henderson. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Benchmark Bank hold?

Benchmark 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 Henderson currently buying?

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

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