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City of Augusta Awards Financial Services Contract to Kennebec Savings Bank (October 2026)

City of Augusta
Approved
Oct 20, 2026

The 30-second brief

What it covers

Kennebec Savings Bank partnered with Augusta on the Tipping Point small-business lending initiative. The bank underwrote interest costs for the interest-free loan program, which the City discontinued in 2022.

Who holds it

Kennebec Savings Bank holds this financial services contract with City of Augusta. Its other public contracts on record include work for Kennebec County.

What happens next

Term as filed: Historical Tipping Point lending partnership; discontinued in 2022.

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Contract details

Contract type
Financial Services
Document date
October 20, 2026
Term
Historical Tipping Point lending partnership; discontinued in 2022
Vendor
Kennebec Savings Bank
Agency
City of Augusta
Source document
City of Augusta Report City of Augusta 2026 Third Quarter Report 2026-10-20 (Report)

Kennebec Savings Bank's other public contracts

Kennebec County, MaineCounty Reports Investments With Kennebec Savings Bank · Sep 15, 2026Kennebec County, MaineKennebec Savings Bank Maintains County Investments · Jun 2, 2026UndisclosedKennebec County, MaineInvestment Accounts Maintained with Kennebec Savings Bank · May 19, 2026UndisclosedKennebec County, MaineCounty Maintains Investments with Kennebec Savings Bank · Apr 21, 2026Kennebec County, MaineCounty Maintains General Fund Sweep With Kennebec Savings · Mar 17, 2026$672KAll Kennebec Savings Bank contractsVendor profile

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Questions about this contract

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

Kennebec Savings Bank was awarded this financial services contract by City of Augusta, as recorded on October 20, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Augusta Report City of Augusta 2026 Third Quarter Report 2026-10-20 (Report), dated October 20, 2026 from City of Augusta. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Kennebec Savings Bank hold?

Kennebec 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.

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