FINANCIAL_SERVICESAMENDED

Cumberland Extends TID No. 9 Debt with Dairy State Bank

The City of Cumberland approved a modification agreement with Dairy State Bank for its $4 million TID No. 9 bond anticipation note. The agreement extends maturity to April 1, 2027, raises the interest rate to 5.75% effective October 1, 2026, and requires a $500 extension fee.

Document date · September 21, 2026

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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
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Scope & details

The full contract record, as filed.

Contract amount
Original principal amount of $4,000,000; extension fee of $500.00
Contract type
FINANCIAL_SERVICES
Contract term
Modification effective October 1, 2026; maturity extended from October 1, 2026 to April 1, 2027
Renewal date
2027-04-01
Renewal
Modification extends the note maturity from October 1, 2026, to April 1, 2027. Interest is payable October 1, 2026, and April 1, 2027; no further renewal option is stated.
Document type
Agreement
Source document
City of Cumberland Agreement Modification Agreement for TID No. 9 Debt 2026-09-21

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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 Cumberland?

Dairy State Bank was awarded this financial services contract by City of Cumberland, as recorded on September 21, 2026. The contract value is Original principal amount of $4,000,000; extension fee of $500.00.

How much is the Dairy State Bank contract with City of Cumberland worth?

The Dairy State Bank contract with City of Cumberland is valued at Original principal amount of $4,000,000; extension fee of $500.00, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Cumberland Agreement Modification Agreement for TID No. 9 Debt 2026-09-21 (Agreement), dated September 21, 2026 from City of Cumberland. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Dairy State Bank hold?

Dairy State 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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