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Webster Bank’s lease bid passed over for lower offer

City of Mauldin logoCity of Mauldin
Document date
Aug 3, 2026

The 30-second brief

What it covers

Webster Bank submitted a lease-purchase financing proposal for Mauldin’s FY2027 equipment with mid-4% fixed rates and a staged call schedule. The proposal was not chosen, as staff recommended SouthState Bank’s lower-rate offer.

Who holds it

WEBSTER holds this financial services contract with City of Mauldin. Its other public contracts on record include work for Town of Greenwich and Town of Washington.

What happens next

Term as filed: Proposed 5-year, 7-year, and 10-year terms at fixed rates (5-year 4.25%, 7-year 4.28%, 10-year 4.32%) with specified call schedule.

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Contract details

Contract type
Financial Services
Document date
August 3, 2026
Term
Proposed 5-year, 7-year, and 10-year terms at fixed rates (5-year 4.25%, 7-year 4.28%, 10-year 4.32%) with specified call schedule
Vendor
WEBSTER
Agency
City of Mauldin
Source document
City of Mauldin Finance and Policy Committee Agenda Packet 2026-08-03 (AgendaPacket)

WEBSTER's other public contracts

Town of Greenwich, ConnecticutGreenwich Reviews Webster Municipal Deposit Relationship · Oct 22, 2026UndisclosedTown of Washington, ConnecticutTown Plans Closure of Webster Bank Account · Oct 19, 2026UndisclosedCromwell Fire District, ConnecticutFire District Transfers Pension Funds to Webster · Oct 6, 2026$65KHanover Township Fire District #3, New JerseyFire District Reviews Webster Sewer Repair Quote · Sep 3, 2026UndisclosedTown of Hanson, MassachusettsCommission Approves Documents for Webster Payment · Aug 5, 2026UndisclosedAll WEBSTER contractsVendor profile

More City of Mauldin contracts

Kemet Electronics CorporationKemet Property Sale Tied to Mauldin Annexation · Oct 16, 2026UndisclosedPk U.S.A. IncPK U.S.A. Plans $30 Million Manufacturing Investment · Oct 16, 2026385 Exchange LLC385 Exchange Plans Industrial Flex Development · Oct 16, 2026UndisclosedAlexrules LLCAnnexation Tied to ALEXRULES Property Sale · Oct 16, 2026UndisclosedPk U.S.A. IncPK U.S.A. Property Purchase Tied to Annexation · Oct 5, 2026All City of Mauldin activityAgency profile

Questions about this contract

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

WEBSTER was awarded this financial services contract by City of Mauldin, as recorded on August 3, 2026.

What type of contract is this?

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

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.

What other contracts does WEBSTER hold?

WEBSTER may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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