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FINANCIAL_SERVICESEXTENDED

Arkadelphia Extends Airport Construction Loan with Citizens Bank

The Arkadelphia Board of Directors approved extending its existing construction loan with Citizens Bank for airport projects through December 2027 at the current 5.89% interest rate. The extension supports ongoing upfront funding of airport construction while the City awaits reimbursement grant payments.

Document date · July 7, 2026

Issuing agencyCity of ArkadelphiaVendorCitizens Bank

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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 type
FINANCIAL_SERVICES
Contract term
Extended through December 2027 at 5.89% interest
Renewal date
2027-12-31
Renewal
Original construction loan was awarded under Resolution R-24-4 in 2024; terms are now extended at the same 5.89% interest rate through December 2027 following agreement with Citizens Bank representative Lori Ross.
Document type
Minutes
Source document
Arkadelphia Board of Directors Minutes 2026-07-07

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Arkadelphia?

Citizens Bank was awarded this financial services contract by City of Arkadelphia, as recorded on July 7, 2026.

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 Arkadelphia Board of Directors Minutes 2026-07-07 (Minutes), dated July 7, 2026 from City of Arkadelphia. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Citizens Bank hold?

Citizens 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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