City of Danville Awards Financial Services Contract to Huntington National Bank (December 2025)
City of DanvilleCity · Danville, VA- Disclosed value
- $23,250,000 principal; interest rate 4.69%
- From agenda
- Approved
- Dec 16, 2025
- Renews
- Free account
The 30-second brief
The Danville City Council approved a financing plan under which the Industrial Development Authority will issue a $23.25 million Lease Revenue Note, Series 2025D, to Huntington National Bank at 4.69% interest to acquire and improve an economic development property. The note will be interest-only with semiannual payments and mature in 2027, backed by City rental payments under a financing lease subject to appropriation.
Huntington National Bank holds this financial services contract with City of Danville. Its other public contracts on record include work for Muskingum Watershed Conservancy District and City of Cle Elum.
The renewal date is on record. A free account shows it, with the renewals for every City of Danville contract.
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Contract details
- Contract type
- Financial Services
- Amount
- $23,250,000 principal; interest rate 4.69%
- Document date
- December 16, 2025
- Term
- Dated December 1, 2025; interest-only semiannual payments; maturity June 1, 2027; no optional redemption before approximately June 2026
- Renews
- Free account
- Vendor
- Huntington National Bank
- Agency
- City of Danville
- Source document
- Danville City Council Agenda December 2025 (Agenda)
Huntington National Bank's other public contracts
More City of Danville contracts
Questions about this contract
Who was awarded the financial services contract by City of Danville?
Huntington National Bank was awarded this financial services contract by City of Danville, as recorded on December 16, 2025. The contract value is $23,250,000 principal; interest rate 4.69%.
How much is the Huntington National Bank contract with City of Danville worth?
The Huntington National Bank contract with City of Danville is valued at $23,250,000 principal; interest rate 4.69%, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Danville City Council Agenda December 2025 (Agenda), dated December 16, 2025 from City of Danville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Huntington National Bank hold?
Huntington National 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 Danville currently buying?
Explore City of Danville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.