FINANCIAL_SERVICESRECOMMENDED

First Security Bank Named Trustee for Faymonville Bonds

Little Rock recommended authorizing a Trust Indenture with First Security Bank as trustee for up to $120 million in taxable industrial development revenue bonds. The bank will establish the bonds' terms and security under the financing documents.

Document date · September 27, 2026

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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
Not to exceed $120,000,000 in aggregate principal amount
Contract type
FINANCIAL_SERVICES
Contract term
Trust Indenture supports bonds maturing no later than 15 years after their dated date
Renewal date
2041-09-29
Renewal
No renewal or extension provisions are stated; the bonds mature no later than 15 years after their dated date.
Document type
StaffReport
Source document
Little Rock StaffReport Board of Directors Communication regarding Taxable Industrial Development Revenue Bonds for Faymonville Project 2026-09-29

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Little Rock?

First Security Bank was awarded this financial services contract by City of Little Rock, as recorded on September 27, 2026. The contract value is Not to exceed $120,000,000 in aggregate principal amount.

How much is the First Security Bank contract with City of Little Rock worth?

The First Security Bank contract with City of Little Rock is valued at Not to exceed $120,000,000 in aggregate principal amount, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Little Rock StaffReport Board of Directors Communication regarding Taxable Industrial Development Revenue Bonds for Faymonville Project 2026-09-29 (StaffReport), dated September 27, 2026 from City of Little Rock. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First Security Bank hold?

First Security 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 First Security Bank's profile

What is City of Little Rock currently buying?

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

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