FINANCIAL_SERVICESAPPROVED

City of Mount Carmel Awards Financial Services Contract to First National Bank (August 2026)

The City Council accepted a financing proposal from First National Bank to fund the New Holland Tractor purchase over seven years at 4.65% interest, with annual payments of $27,473. The agreement establishes the bank as the tractor financing provider.

Document date · August 3, 2026

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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
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
$27,473.00 per year (seven years)
Contract type
FINANCIAL_SERVICES
Contract term
Seven-year period at 4.65% interest
Renewal date
2033-08-03
Renewal
Seven-year fixed financing term at 4.65% with annual payments; no renewal or extension terms mentioned.
Document type
Minutes
Source document
City Council Meeting Minutes 2026-08-03

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Mount Carmel?

First National Bank was awarded this financial services contract by City of Mount Carmel, as recorded on August 3, 2026. The contract value is $27,473.00 per year (seven years).

How much is the First National Bank contract with City of Mount Carmel worth?

The First National Bank contract with City of Mount Carmel is valued at $27,473.00 per year (seven years), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City Council Meeting Minutes 2026-08-03 (Minutes), dated August 3, 2026 from City of Mount Carmel. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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.

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