Town of Summerville town Awards $1,800,000 Lease Purchase Financing Contract to Pinnacle Bank (September 2025)
Town of Summerville townCity · Summerville, SC- Disclosed value
- $1,800,000
- From agenda
- Approved
- Sep 11, 2025
- Term
- 4 years
The 30-second brief
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.
Pinnacle Bank holds this lease purchase financing contract with Town of Summerville town. Its other public contracts on record include work for Town of Knightdale and North Carolina Department of State Treasurer | State of North Carolina.
Term as filed: 4 years.
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Contract details
- Contract type
- Lease Purchase Financing
- Amount
- $1,800,000
- Document date
- September 11, 2025
- Term
- 4 years
- Vendor
- Pinnacle Bank
- Agency
- Town of Summerville town
- Source document
- town-of-summerville-town-council-meeting-agenda-september-11-2025_ff5.pdf (Agenda)
Pinnacle Bank's other public contracts
More Town of Summerville town contracts
Questions about this contract
Who was awarded the lease purchase financing contract by Town of Summerville town?
Pinnacle Bank was awarded this lease purchase financing contract by Town of Summerville town, as recorded on September 11, 2025. The contract value is $1,800,000.
How much is the Pinnacle Bank contract with Town of Summerville town worth?
The Pinnacle Bank contract with Town of Summerville town is valued at $1,800,000, covering lease purchase financing work.
What type of contract is this?
This is a Lease Purchase Financing contract, documented as a agenda record.
Where was this contract approved?
This contract appears in town-of-summerville-town-council-meeting-agenda-september-11-2025_ff5.pdf (Agenda), dated September 11, 2025 from Town of Summerville town. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Pinnacle Bank hold?
Pinnacle 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 Summerville town currently buying?
Explore Town of Summerville town's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.