CONTRACTTO_BE_INTRODUCED

Arvest Bank Selected For $3M Police Facility Loan

Disclosed value: $3,000,000 principal; interest at 4.83% over 60 months; From agendapacket
Document date: Aug 11, 2026
Renews: Mar 2027; Free account

What it covers

Jonesboro plans to issue a $3,000,000 general revenue promissory note to Arvest Bank at a fixed 4.83% interest rate over 60 months to finance the purchase and improvements of the new police facility at 1709 East Highland Drive. The loan will have no fees or prepayment penalties and will be repaid from general revenues.

Who holds it

Arvest Bank holds this financial services contract with City of Jonesboro. Its other public contracts on record include work for Grady County and City of Cassville.

What happens next

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

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Contract details

Contract type: Financial Services
Amount: $3,000,000 principal; interest at 4.83% over 60 months
Document date: August 11, 2026
Term: 60 months, amortized with monthly principal and interest payments
Renews: Free account
Vendor: Arvest Bank
Agency: City of Jonesboro
Source document: City of Jonesboro AgendaPacket Finance & Administration Council Committee 2026-08-11 (AgendaPacket)

Arvest Bank's other public contracts

Grady County, OklahomaGrady County Minutes Regular Meeting October 13, 2026 · Oct 13, 2026 City of Cassville, MissouriCassville Pays Arvest For Vehicle Fuel Purchases · Oct 13, 2026$5.1K City of Cassville, MissouriCassville Pays Arvest For Bundled Operating Purchases · Oct 13, 2026$35.1K Noble Public Schools, OklahomaNoble Records Arvest Purchase Card Encumbrances · Oct 12, 2026 Boise City Public Schools, OklahomaDistrict Records Arvest Conference Meal Purchase · Oct 12, 2026$100 All Arvest Bank contractsVendor profile

More City of Jonesboro contracts

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Questions about this contract

Who was awarded the financial services contract by City of Jonesboro?

Arvest Bank was awarded this financial services contract by City of Jonesboro, as recorded on August 11, 2026. The contract value is $3,000,000 principal; interest at 4.83% over 60 months.

How much is the Arvest Bank contract with City of Jonesboro worth?

The Arvest Bank contract with City of Jonesboro is valued at $3,000,000 principal; interest at 4.83% over 60 months, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Jonesboro AgendaPacket Finance & Administration Council Committee 2026-08-11 (AgendaPacket), dated August 11, 2026 from City of Jonesboro. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Arvest Bank hold?

Arvest 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 Jonesboro currently buying?

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

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