FINANCIAL_SERVICESEXTENDED

Airport Construction Loan Extended With Citizens Bank

Arkadelphia moved to extend its revolving construction loan agreement with Citizens Bank to finance airport capital improvement projects. The extension allows borrowing up to $600,000 at 5.89% interest through December 31, 2027, with monthly interest payments.

Status
EXTENDED
Document date
July 7, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Citizens Bank
Agency
City of Arkadelphia · AR

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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
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Up to $600,000; interest at 5.89%
Contract type
FINANCIAL_SERVICES
Contract term
Through December 31, 2027 (eighteen-month extension)
Renewal date
2027-12-31
Renewal
Existing 2024 revolving construction loan for airport projects is extended by eighteen months to December 31, 2027, under the same 5.89% interest structure with borrowing capacity up to $600,000.
Document type
AgendaPacket
Source document
Arkadelphia Board of Directors AgendaPacket Regular Called Meeting 2026-07-07

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Arkadelphia?

Citizens Bank was awarded this financial services contract by City of Arkadelphia, as recorded on July 7, 2026. The contract value is Up to $600,000; interest at 5.89%.

How much is the Citizens Bank contract with City of Arkadelphia worth?

The Citizens Bank contract with City of Arkadelphia is valued at Up to $600,000; interest at 5.89%, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Arkadelphia Board of Directors AgendaPacket Regular Called Meeting 2026-07-07 (AgendaPacket), dated July 7, 2026 from City of Arkadelphia. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Citizens Bank hold?

Citizens 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 Citizens Bank's profile

What is City of Arkadelphia currently buying?

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

View City of Arkadelphia's profile

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