FINANCIAL_SERVICESAPPROVED

City of Mauldin Awards Financial Services Contract to Southstate Bank (August 2026)

The City of Mauldin Council is set to approve a Series 2026 lease/purchase agreement with SouthState Bank for up to $3,005,000 to finance FY2027 vehicles and equipment, including police, fire, sanitation, and park lighting assets. The debt will be structured in 5-, 7-, and 10-year tranches and repaid through the Debt Service Fund, with annual payments subject to appropriation.

Status
APPROVED
Document date
August 3, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Southstate Bank
Agency
City of Mauldin · SC

Trusted by teams at

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
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
Not to exceed $3,005,000 (total purchase price not to exceed $2,963,000)
Contract type
FINANCIAL_SERVICES
Contract term
5-year, 7-year, and 10-year tranches beginning around August 4, 2026
Renewal
Master Lease Agreement dated August 4, 2026, with multiple schedules; payments are subject to annual appropriation by Council, and the City may prepay outstanding principal at any time to obtain ownership of the equipment. Lease term spans Original Term through successive Renewal Terms to complete the amortization over 5, 7, and 10 years.
Document type
AgendaPacket
Source document
City of Mauldin AgendaPacket Special Called City Council Meeting 2026-08-03

Related contracts

Other contracts from Southstate Bank.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

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

Southstate Bank was awarded this financial services contract by City of Mauldin, as recorded on August 3, 2026. The contract value is Not to exceed $3,005,000 (total purchase price not to exceed $2,963,000).

How much is the Southstate Bank contract with City of Mauldin worth?

The Southstate Bank contract with City of Mauldin is valued at Not to exceed $3,005,000 (total purchase price not to exceed $2,963,000), 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 City of Mauldin AgendaPacket Special Called City Council Meeting 2026-08-03 (AgendaPacket), dated August 3, 2026 from City of Mauldin. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Southstate Bank hold?

Southstate 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 Southstate Bank's profile

What is City of Mauldin currently buying?

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

View City of Mauldin's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free