Mauldin selects SouthState Bank for 2027 lease purchases
City of MauldinCity · Mauldin, SC- Disclosed value
- Not to exceed $3,005,000 (aggregate lease/purchase authority); underlying equipment total not to exceed $2,963,000
- From agendapacket
- Document date
- Aug 3, 2026
The 30-second brief
The City of Mauldin is moving to enter a Master Lease/Purchase Agreement, Series 2026, with SouthState Bank to finance approximately $2.963 million in vehicles and equipment, under an overall authority not to exceed $3,005,000. The financing will be structured in 5-, 7-, and 10-year tranches at 3.74% interest, with annual debt service of about $470,000 repaid through the Debt Service Fund and subject to annual appropriation.
Southstate Bank holds this financial services contract with City of Mauldin. Its other public contracts on record include work for Travis County Water Control And Improvement District 18 and Travis County.
Term as filed: Multiple tranches: approximately 5-year, 7-year, and 10-year terms aligned to equipment useful life; Master Lease dated August 4, 2026 with original term through June 30, 2027 and annual renewal options.
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed $3,005,000 (aggregate lease/purchase authority); underlying equipment total not to exceed $2,963,000
- Document date
- August 3, 2026
- Term
- Multiple tranches: approximately 5-year, 7-year, and 10-year terms aligned to equipment useful life; Master Lease dated August 4, 2026 with original term through June 30, 2027 and annual renewal options
- Vendor
- Southstate Bank
- Agency
- City of Mauldin
- Source document
- City of Mauldin Finance and Policy Committee Agenda Packet 2026-08-03 (AgendaPacket)
Southstate Bank's other public contracts
More City of Mauldin contracts
Questions about this contract
Who was awarded the financial services contract by City of Mauldin?
Southstate Bank was awarded this financial services contract by City of Mauldin, as recorded on August 3, 2026. The contract value is Not to exceed $3,005,000 (aggregate lease/purchase authority); underlying equipment total not to exceed $2,963,000.
How much is the Southstate Bank contract with City of Mauldin worth?
The Southstate Bank contract with City of Mauldin is valued at Not to exceed $3,005,000 (aggregate lease/purchase authority); underlying equipment total not to exceed $2,963,000, 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 Mauldin Finance and Policy Committee Agenda Packet 2026-08-03 (AgendaPacket), dated August 3, 2026 from City of Mauldin. 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 Mauldin currently buying?
Explore City of Mauldin's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.