Appalachian State University Awards Financial Services Contract to Truist Bank (September 2026)
Appalachian State UniversityHigher Ed · Boone, NC- Disclosed value
- not to exceed $4,000,000
- From agendapacket
- Approved
- Sep 4, 2026
The 30-second brief
The Appalachian State University Board of Trustees approved up to $4 million in working capital financing for New River Light & Power Company. The financing will be provided through a Series 2026 utility system revenue note sold to Truist Bank or an affiliate.
Truist Bank holds this financial services contract with Appalachian State University. Its other public contracts on record include work for Inverness Public Utility District and City of Mebane.
Term as filed: Series 2026 note; line of credit until revenues received from the System are sufficient to repay the financing.
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Contract details
- Contract type
- Financial Services
- Amount
- not to exceed $4,000,000
- Document date
- September 4, 2026
- Term
- Series 2026 note; line of credit until revenues received from the System are sufficient to repay the financing
- Vendor
- Truist Bank
- Source document
- Appalachian State University AgendaPacket Board of Trustees Meeting 2026-09-04 (AgendaPacket)
Truist Bank's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Appalachian State University?
Truist Bank was awarded this financial services contract by Appalachian State University, as recorded on September 4, 2026. The contract value is not to exceed $4,000,000.
How much is the Truist Bank contract with Appalachian State University worth?
The Truist Bank contract with Appalachian State University is valued at not to exceed $4,000,000, 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 Appalachian State University AgendaPacket Board of Trustees Meeting 2026-09-04 (AgendaPacket), dated September 4, 2026 from Appalachian State University. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Truist Bank hold?
Truist 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 Appalachian State University currently buying?
Explore Appalachian State University's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.