FINANCIAL_SERVICESAPPROVED

Town of Thornapple Awards Financial Services Contract to Cumberland Bank (November 2025)

Thornapple Township accepted Cumberland Bank's proposal to combine two existing loans into one new 5-year loan at 5.5% interest. The Board authorized Chairman Tom Zelm to finalize the formal banking agreement.

Status
APPROVED
Document date
November 11, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Cumberland Bank
Agency
Town of Thornapple · WI

Trusted by teams at

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
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
Loan at 5.5% interest
Contract type
FINANCIAL_SERVICES
Contract term
5 years
Renewal date
2030-11-11
Renewal
New 5-year loan; terms and renewal or extension details to be finalized with bank.
Document type
Minutes
Source document
Thornapple Township Board Meeting Minutes November 2025

Related contracts

Other contracts from Cumberland Bank.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

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

Cumberland Bank was awarded this financial services contract by Town of Thornapple, as recorded on November 11, 2025. The contract value is Loan at 5.5% interest.

How much is the Cumberland Bank contract with Town of Thornapple worth?

The Cumberland Bank contract with Town of Thornapple is valued at Loan at 5.5% interest, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Thornapple Township Board Meeting Minutes November 2025 (Minutes), dated November 11, 2025 from Town of Thornapple. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Cumberland Bank hold?

Cumberland 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 Cumberland Bank's profile

What is Town of Thornapple currently buying?

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

View Town of Thornapple's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free