FINANCIAL_SERVICESAPPROVED

Town of Stonington Awards Financial Services Contract to Bangor Savings Bank (February 2026)

The Selectmen approved a contract with Bangor Savings Bank to provide payroll services for town employees at a cost of $6,000 per year. The service will include mobile time entry, periodic reporting, and bank-provided training.

Status
APPROVED
Document date
February 16, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Bangor Savings Bank
Agency
Town of Stonington · ME

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Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract amount
$6,000 per year
Contract type
FINANCIAL_SERVICES
Renewal
Annual payroll services contract; no explicit renewal terms described.
Document type
Minutes
Source document
Selectman's Minutes February 16, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Stonington?

Bangor Savings Bank was awarded this financial services contract by Town of Stonington, as recorded on February 16, 2026. The contract value is $6,000 per year.

How much is the Bangor Savings Bank contract with Town of Stonington worth?

The Bangor Savings Bank contract with Town of Stonington is valued at $6,000 per year, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Selectman's Minutes February 16, 2026 (Minutes), dated February 16, 2026 from Town of Stonington. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bangor Savings Bank hold?

Bangor Savings 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 Bangor Savings Bank's profile

What is Town of Stonington currently buying?

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

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