FINANCIAL_SERVICESAPPROVED

Town of Lorain Awards Financial Services Contract to Sterling Bank (March 2026)

The Town of Lorain Board approved a ten-year loan agreement with Sterling Bank to convert the remaining balance of the 25th Street project construction line of credit into a regular term loan. This action restructures existing project debt into longer-term financing.

Status
APPROVED
Document date
March 12, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Sterling Bank
Agency
Town of Lorain · WI

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TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
Ten-year loan
Renewal date
2036-03-12
Document type
Minutes
Source document
Town of Lorain Board Meeting Minutes March 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Lorain?

Sterling Bank was awarded this financial services contract by Town of Lorain, as recorded on March 12, 2026.

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 Town of Lorain Board Meeting Minutes March 2026 (Minutes), dated March 12, 2026 from Town of Lorain. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Sterling Bank hold?

Sterling 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.

View Sterling Bank's profile

What is Town of Lorain currently buying?

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

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