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Magnolia Bank Named Servicer for Kennesaw Vehicle Lease

City of Kennesaw logoCity of Kennesaw
Disclosed value
$638,000 financed under the lease
From agenda
Document date
Nov 2, 2026
Term
Five-year vehicle lease term
Renews
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The 30-second brief

What it covers

Kennesaw's proposed GMA vehicle lease assigns the lender's interests to Magnolia Bank as servicer. The bank would receive payments on the five-year, $638,000 financing for eight police vehicles.

Who holds it

Magnolia Bank holds this financial services contract with City of Kennesaw. Its other public contracts on record include work for City of Americus and Grady County.

What happens next

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Contract details

Contract type
Financial Services
Amount
$638,000 financed under the lease
Document date
November 2, 2026
Term
Five-year vehicle lease term
Renews
On record
Vendor
Magnolia Bank
Agency
City of Kennesaw
Source document
City of Kennesaw Agenda 2026-11-02 (Agenda)

Magnolia Bank's other public contracts

City of Americus, GeorgiaMagnolia Bank To Service Americus GMA Vehicle Lease · Aug 20, 2026UndisclosedCity of Americus, GeorgiaMagnolia Bank Named Servicer For Americus Vehicle Lease · Aug 20, 2026nullGrady County, GeorgiaCounty to Consider Dump Truck Lease with Magnolia Bank · Apr 21, 2026UndisclosedOwen County, KentuckyMagnolia Bank Approved For Standing Orders · Apr 14, 2026UndisclosedHousing Authority of Elizabethtown, KentuckyCity Awards Five-Year Banking Services to Magnolia Bank · Mar 16, 2026UndisclosedAll Magnolia Bank contractsVendor profile

More City of Kennesaw contracts

Times Journal IncKennesaw Authorizes Rezoning Notice in Times Journal · Nov 3, 2026$30Times Journal IncKennesaw Authorizes Sign Moratorium Notice Publication · Nov 3, 2026$30Georgia Municipal Association (Gma)Kennesaw Considers Eight-Vehicle Lease With GMA · Nov 2, 2026UndisclosedKUBOTAKennesaw Considers $84,318 Kubota Skid Steer Purchase · Nov 2, 2026$84.3KGeorgia Municipal Association (Gma)Kennesaw Considers GMA Lease for Eight Police Vehicles · Nov 2, 2026All City of Kennesaw activityAgency profile

Questions about this contract

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

Magnolia Bank was awarded this financial services contract by City of Kennesaw, as recorded on November 2, 2026. The contract value is $638,000 financed under the lease.

How much is the Magnolia Bank contract with City of Kennesaw worth?

The Magnolia Bank contract with City of Kennesaw is valued at $638,000 financed under the lease, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Kennesaw Agenda 2026-11-02 (Agenda), dated November 2, 2026 from City of Kennesaw. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Magnolia Bank hold?

Magnolia 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 Kennesaw currently buying?

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

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