FINANCIAL_SERVICESONGOING

Royal Bank demand loan supports municipal financing

The Town of Deep River continues to service a Royal Bank demand term loan, with blended monthly payments at prime less 0.85% through its August 2026 maturity.

Status
ONGOING
Document date
July 22, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Royal Bank
Agency
Town of Deep River · Canada

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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
Blended monthly instalments of $22,074 including interest at prime less 0.85%; balance $381,814 as of December 31, 2025
Contract type
FINANCIAL_SERVICES
Contract term
Demand term loan maturing August 2026
Renewal date
2026-08-31
Document type
AgendaPacket
Source document
Town of Deep River Special Council Meeting Agenda Packet 2026-07-22

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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 Deep River?

Royal Bank was awarded this financial services contract by Town of Deep River, as recorded on July 22, 2026. The contract value is Blended monthly instalments of $22,074 including interest at prime less 0.85%; balance $381,814 as of December 31, 2025.

How much is the Royal Bank contract with Town of Deep River worth?

The Royal Bank contract with Town of Deep River is valued at Blended monthly instalments of $22,074 including interest at prime less 0.85%; balance $381,814 as of December 31, 2025, 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 Town of Deep River Special Council Meeting Agenda Packet 2026-07-22 (AgendaPacket), dated July 22, 2026 from Town of Deep River. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Royal Bank hold?

Royal 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 Royal Bank's profile

What is Town of Deep River currently buying?

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

View Town of Deep River's profile

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