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Traditional Bank loan early payoff consideration

Town of Paris
Disclosed value
$240,272
From agenda
Document date
May 27, 2025
Term
Jan 23, 2024 to Feb 10, 2027

The 30-second brief

What it covers

The City of Paris is considering an early payoff of a Traditional Bank loan entered on January 23, 2024 for $240,272 at 4.99% interest. The early payoff, with a current amount of $144,550, is expected to save the City approximately $6,500 in additional interest and free up debt capacity.

Who holds it

Traditional Bank holds this loan contract with Town of Paris. Its other public contracts on record include work for Nicholas County School District and Brownsville Isd.

What happens next

Term as filed: Jan 23, 2024 to Feb 10, 2027.

See who signed off on this $240.3K contract.

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Contract details

Contract type
Loan
Amount
$240,272
Document date
May 27, 2025
Term
Jan 23, 2024 to Feb 10, 2027
Vendor
Traditional Bank
Agency
Town of Paris
Source document
town-of-paris-city-commission-agenda-item-may-27-2025_7fe.pdf (Agenda)

Traditional Bank's other public contracts

Nicholas County School District, KentuckyBoard Awards Banking Services To Traditional Bank · May 18, 2026UndisclosedBrownsville Isd, TexasTraditional Bank $240K Certificate of Deposit contract · Nov 5, 2025$240KCity of Simpsonville, KentuckyCity Moves CD from Traditional Bank to Money Market · Oct 21, 2025$944.7KBardstown Independent School District, KentuckyDistrict Opens Investment Accounts with Traditional Bank · Aug 19, 2025UndisclosedCity of Paris, KentuckyTraditional Bank receives payment for police fleet · Jun 10, 2025$144.9KAll Traditional Bank contractsVendor profile

More Town of Paris contracts

Nicholas County Fiscal CourtCity Considers Surplus Transfer of Scales to County Court · Sep 12, 2025UndisclosedKENVIRONSKenvirons awarded $24K · Sep 9, 2025$24.4KNathan WellsWells hired as Laborer I for Paris. · Sep 9, 2025UndisclosedPk SurveyingPK Surveying approved for street surveying · Sep 9, 2025UndisclosedBluegrass Area DevelopmentBGADD to manage Paris Cleaner Water Program grants · Sep 9, 2025$2MAll Town of Paris activityAgency profile

Questions about this contract

Who was awarded the loan contract by Town of Paris?

Traditional Bank was awarded this loan contract by Town of Paris, as recorded on May 27, 2025. The contract value is $240,272.

How much is the Traditional Bank contract with Town of Paris worth?

The Traditional Bank contract with Town of Paris is valued at $240,272, covering loan work.

What type of contract is this?

This is a Loan contract, documented as a agenda record.

Where was this contract approved?

This contract appears in town-of-paris-city-commission-agenda-item-may-27-2025_7fe.pdf (Agenda), dated May 27, 2025 from Town of Paris. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Traditional Bank hold?

Traditional 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 Paris currently buying?

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

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