east_hempfield_township_board_of_supervisors_minut.pdf
Township Approves $1M Ladder Truck Loan With FNB
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Description
The East Hempfield Township Board of Supervisors approved borrowing $1,000,000 from First National Bank on a 10-year fixed-rate loan to finance the purchase of a new ladder truck. The ordinance requires that the loan have no prepayment penalty for grants, government-backed refinancing, or accelerated township payments.
Contract Details
Contract Amount
$1,000,000
Vendor
FIRST NATIONAL BANK
Agency
Town of East Hempfield, PA
Contract Type
FINANCIAL_SERVICES
Document Date
September 17, 2025
Contract Term
10-year term @ 4.87% fixed rate
Renewal Info
Single 10-year borrowing authorization; no explicit renewal or extension options are described. Ordinance specifies no prepayment penalty for certain early payoffs.
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east_hempfield_township_board_of_supervisors_minut.pdf
east_hempfield_township_board_of_supervisors_minut.pdf
east_hempfield_township_board_of_supervisors_minut.pdf
east_hempfield_township_board_of_supervisors_minut.pdf
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