City of Morganton Awards Financial Services Contract to First National Bank (October 2026)
City of MorgantonCity · Morganton, NC- Disclosed value
- Not to exceed $1,404,500
- From minutes
- Approved
- Oct 5, 2026
The 30-second brief
The City of Morganton approved up to $1,404,500 in installment financing from First National Bank for public-sector vehicle and equipment purchases. The financing will carry either a three-year term at 4.28% or a five-year term at 4.37%.
First National Bank holds this financial services contract with City of Morganton. Its other public contracts on record include work for City of Burlington and Albermarle-Charlottesville Regional Jail Authority.
Term as filed: 3 years at 4.28% interest or 5 years at 4.37% interest.
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed $1,404,500
- Document date
- October 5, 2026
- Term
- 3 years at 4.28% interest or 5 years at 4.37% interest
- Vendor
- First National Bank
- Agency
- City of Morganton
- Source document
- City of Morganton Minutes Regular City Council Meeting October 5, 2026 (Minutes)
First National Bank's other public contracts
More City of Morganton contracts
Questions about this contract
Who was awarded the financial services contract by City of Morganton?
First National Bank was awarded this financial services contract by City of Morganton, as recorded on October 5, 2026. The contract value is Not to exceed $1,404,500.
How much is the First National Bank contract with City of Morganton worth?
The First National Bank contract with City of Morganton is valued at Not to exceed $1,404,500, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in City of Morganton Minutes Regular City Council Meeting October 5, 2026 (Minutes), dated October 5, 2026 from City of Morganton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does First National Bank hold?
First National 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 Morganton currently buying?
Explore City of Morganton's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
