FINANCIAL_SERVICESAPPROVED

City of Trussville Awards Financial Services Contract to Pnc Bank National Association (July 2026)

The City of Trussville approved Resolution 2026-52 authorizing an $8,000,000 General Obligation Note, Series 2026, with PNC Bank, National Association as a revolving line of credit for working capital. The City will make monthly interest payments and repay the full principal by July 2027, and will pay an upfront $10,000 fee plus bond counsel expenses up to $7,500.

Status
APPROVED
Document date
July 30, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Pnc Bank National Association
Agency
City of Trussville · AL

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
$8,000,000 principal amount; upfront fee of $10,000; bond counsel fees not to exceed $7,500
Contract type
FINANCIAL_SERVICES
Contract term
Line of credit dated July __, 2026, with final principal and interest payment due July __, 2027
Renewal date
2027-07-01
Renewal
Single-year general obligation note used as a revolving line of credit, with all outstanding principal and interest due July 2027; no renewal terms are specified in the resolution.
Document type
AgendaPacket
Source document
City of Trussville AgendaPacket City Council Workshop and Regular Session 2026-07-30

Related contracts

Other contracts from Pnc Bank National Association.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

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

Pnc Bank National Association was awarded this financial services contract by City of Trussville, as recorded on July 30, 2026. The contract value is $8,000,000 principal amount; upfront fee of $10,000; bond counsel fees not to exceed $7,500.

How much is the Pnc Bank National Association contract with City of Trussville worth?

The Pnc Bank National Association contract with City of Trussville is valued at $8,000,000 principal amount; upfront fee of $10,000; bond counsel fees not to exceed $7,500, 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 Trussville AgendaPacket City Council Workshop and Regular Session 2026-07-30 (AgendaPacket), dated July 30, 2026 from City of Trussville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Pnc Bank National Association hold?

Pnc Bank National Association 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 Pnc Bank National Association's profile

What is City of Trussville currently buying?

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

View City of Trussville'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