Town approves $1.8M lease purchase with Pinnacle Bank
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Description
Town of Summerville approves a lease purchase financing with Pinnacle Bank for $1,800,000 to acquire police vehicles and related equipment. Financing bears interest at 3.37% per annum, payable annually starting October 1, 2026, through October 1, 2029.
Contract Details
Contract Amount
$1,800,000
Vendor
PINNACLE BANK
Agency
Town of Summerville town, SC
Contract Type
Lease Purchase Financing
Document Date
September 11, 2025
Contract Term
4 years
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