FINANCIAL_SERVICESAPPROVED

City of Danville Awards $478,862 Financial Services Contract to Atlantic Union Bank (August 2026)

Danville City Council is authorizing the City Manager to execute all documents with Atlantic Union Bank for an irrevocable standby letter of credit of $478,862. The facility will back Appalachian Power’s costs to extend 12kV electric service to the Southern Virginia Megasite.

Status
APPROVED
Document date
August 28, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Atlantic Union Bank
Agency
City of Danville · VA

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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
$478,862
Contract type
FINANCIAL_SERVICES
Renewal
Letter of credit terms, including expiry and renewal options, are set in bank documentation; Council authorization covers execution and performance of related agreements.
Document type
AgendaPacket
Source document
City of Danville AgendaPacket Regular Meeting 2026-09-01

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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 Danville?

Atlantic Union Bank was awarded this financial services contract by City of Danville, as recorded on August 28, 2026. The contract value is $478,862.

How much is the Atlantic Union Bank contract with City of Danville worth?

The Atlantic Union Bank contract with City of Danville is valued at $478,862, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Danville AgendaPacket Regular Meeting 2026-09-01 (AgendaPacket), dated August 28, 2026 from City of Danville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Atlantic Union Bank hold?

Atlantic Union 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 Atlantic Union Bank's profile

What is City of Danville currently buying?

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

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