Albermarle-Charlottesville Regional Jail Authority Awards Financial Services Contract to First National Bank (November 2026)
Albermarle-Charlottesville Regional Jail AuthoritySpecial District · Charlottesville, VA- Disclosed value
- Up to $4.5 million
- From agendapacket
- Approved
- Nov 10, 2026
- Renews
- Free account
The 30-second brief
The Authority approved up to $4.5 million in interim tax-exempt financing from First National Bank for jail renovation design and construction costs. The loan carried a fixed 4.49% interest rate and was retired in August 2025 after permanent financing was issued.
First National Bank holds this financial services contract with Albermarle-Charlottesville Regional Jail Authority. Its other public contracts on record include work for North Carolina Department of State Treasurer | State of North Carolina and Meridian Public Schools.
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Contract details
- Contract type
- Financial Services
- Amount
- Up to $4.5 million
- Document date
- November 10, 2026
- Term
- Approved December 2023; matured January 15, 2027; retired in August 2025
- Renews
- On record
- Vendor
- First National Bank
- Source document
- Albemarle-Charlottesville Regional Jail Authority AgendaPacket Board Business Meeting 2026-11-12 (AgendaPacket)
First National Bank's other public contracts
More Albermarle-Charlottesville Regional Jail Authority contracts
Questions about this contract
Who was awarded the financial services contract by Albermarle-Charlottesville Regional Jail Authority?
First National Bank was awarded this financial services contract by Albermarle-Charlottesville Regional Jail Authority, as recorded on November 10, 2026. The contract value is Up to $4.5 million.
How much is the First National Bank contract with Albermarle-Charlottesville Regional Jail Authority worth?
The First National Bank contract with Albermarle-Charlottesville Regional Jail Authority is valued at Up to $4.5 million, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Albemarle-Charlottesville Regional Jail Authority AgendaPacket Board Business Meeting 2026-11-12 (AgendaPacket), dated November 10, 2026 from Albermarle-Charlottesville Regional Jail Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does First National Bank hold?
First National 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 Albermarle-Charlottesville Regional Jail Authority currently buying?
Explore Albermarle-Charlottesville Regional Jail Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.