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City of Gulf Shores Awards $23,000,000 Financial Services Contract to Southstate Bank (June 2026)

City of Gulf Shores logoCity of Gulf Shores
Disclosed value
$23,000,000
From minutes
Approved
Jun 8, 2026
Renews
Free account

The 30-second brief

What it covers

Gulf Shores approved a $23 million General Obligation Warrant, Series 2026-D, to SouthState Bank at a fixed 4.20% interest rate to fund transportation improvements, retire a line of credit, and pay issuance costs. The debt matures December 15, 2045, with semi-annual interest and annual principal payments and can be redeemed early without penalty.

Who holds it

Southstate Bank holds this financial services contract with City of Gulf Shores. Its other public contracts on record include work for Travis County Water Control And Improvement District 18 and Travis County.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every City of Gulf Shores contract.

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Contract details

Contract type
Financial Services
Amount
$23,000,000
Document date
June 8, 2026
Term
From date of delivery of General Obligation Warrant, Series 2026-D, to maturity on December 15, 2045
Renews
Free account
Vendor
Southstate Bank
Agency
City of Gulf Shores
Source document
City of Gulf Shores Minutes Regular Council Meeting 2026-06-08 (Minutes)

Southstate Bank's other public contracts

Travis County Water Control And Improvement District 18, TexasDistrict Holds SouthState Bank Certificate of Deposit · Oct 26, 2026$235KTravis County, TexasSouthState Bank Planned for Homeownership Webinar · Oct 15, 2026UndisclosedThe Anchor School, GeorgiaFinance Committee Discusses SouthState Bank Account · Oct 15, 2026UndisclosedHaines City Fire Department, FloridaHaines City Carries City Hall Construction Bank Note · Oct 1, 2026$11.7MCity of Melissa, TexasMelissa Authorizes Solid Waste Account At SouthState · Sep 22, 2026UndisclosedAll Southstate Bank contractsVendor profile

More City of Gulf Shores contracts

Harrison ConstructionGulf Shores Approved Harrison Bridge Structural Additions · Oct 19, 2026UndisclosedHarrison Construction CoGulf Shores Awarded Pedestrian Bridge Contract · Oct 19, 2026UndisclosedHarrison ConstructionPed Bridge Change Order Scheduled for Council Discussion · Oct 19, 2026UndisclosedHarrison ConstructionGulf Shores Approved Harrison Bridge Lighting Package · Oct 19, 2026UndisclosedWas DesignGulf Shores Previously Approved WAS Design Plaza Contract · Oct 19, 2026UndisclosedAll City of Gulf Shores activityAgency profile

Questions about this contract

Who was awarded the financial services contract by City of Gulf Shores?

Southstate Bank was awarded this financial services contract by City of Gulf Shores, as recorded on June 8, 2026. The contract value is $23,000,000.

How much is the Southstate Bank contract with City of Gulf Shores worth?

The Southstate Bank contract with City of Gulf Shores is valued at $23,000,000, 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 Gulf Shores Minutes Regular Council Meeting 2026-06-08 (Minutes), dated June 8, 2026 from City of Gulf Shores. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Southstate Bank hold?

Southstate 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 Gulf Shores currently buying?

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

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