City of Conover Awards Financial Services Contract to Peoples Bank (March 2026)
City of ConoverCity · Conover, NC- Disclosed value
- $1,750,000 total project cost; $300,000 down payment; $1,450,000 financed
- From minutes
- Approved
- Mar 2, 2026
The 30-second brief
Conover City Council authorized a financing agreement with Peoples Bank for the purchase of a new fire ladder apparatus. The project will use a $300,000 capital-reserve down payment, with financing of up to $1,450,000 at a rate not exceeding 4.25% for up to seven years.
Peoples Bank holds this financial services contract with City of Conover. Its other public contracts on record include work for West Clermont Local Schools and Frenship Independent School District.
Term as filed: 7 years from closing; closing may occur anytime through December 2027.
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Contract details
- Contract type
- Financial Services
- Amount
- $1,750,000 total project cost; $300,000 down payment; $1,450,000 financed
- Document date
- March 2, 2026
- Term
- 7 years from closing; closing may occur anytime through December 2027
- Vendor
- Peoples Bank
- Agency
- City of Conover
- Source document
- City of Conover Minutes March 2, 2026 (Minutes)
Peoples Bank's other public contracts
More City of Conover contracts
Questions about this contract
Who was awarded the financial services contract by City of Conover?
Peoples Bank was awarded this financial services contract by City of Conover, as recorded on March 2, 2026. The contract value is $1,750,000 total project cost; $300,000 down payment; $1,450,000 financed.
How much is the Peoples Bank contract with City of Conover worth?
The Peoples Bank contract with City of Conover is valued at $1,750,000 total project cost; $300,000 down payment; $1,450,000 financed, covering financial services work.
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 City of Conover Minutes March 2, 2026 (Minutes), dated March 2, 2026 from City of Conover. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Peoples Bank hold?
Peoples 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.
What is City of Conover currently buying?
Explore City of Conover's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.