FINANCIAL_SERVICESRECOMMENDED

Atlantic Union Bank Recommended For Bedford County Bond

Bedford County recommended Atlantic Union Bank for a lease revenue bond of up to $26.5 million to finance capital projects. The proposed 20-year bond carries a fixed 4.416% rate, with closing targeted for October 15, 2026, and no prepayment penalty.

Document date · September 22, 2026

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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
Not to exceed $26,500,000
Contract type
FINANCIAL_SERVICES
Contract term
20 years; bond maturity no later than June 30, 2047
Renewal date
2047-06-30
Renewal
20-year financing term; partial or full prepayment is permitted at any time without penalty. The Economic Development Authority is expected to consider the bond resolution on October 13, 2026.
Document type
AgendaPacket
Source document
Bedford County AgendaPacket Board of Supervisors Meeting Packet September 22 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 Bedford County?

Atlantic Union Bank was awarded this financial services contract by Bedford County, as recorded on September 22, 2026. The contract value is Not to exceed $26,500,000.

How much is the Atlantic Union Bank contract with Bedford County worth?

The Atlantic Union Bank contract with Bedford County is valued at Not to exceed $26,500,000, 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 Bedford County AgendaPacket Board of Supervisors Meeting Packet September 22 2026 (AgendaPacket), dated September 22, 2026 from Bedford County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Atlantic Union Bank hold?

Atlantic Union 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.

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