FINANCIAL_SERVICESAPPROVED

City of Munford Awards Financial Services Contract to First Citizen’s Bank (September 2025)

The City of Munford approved Resolution 2025-09-01 to open a $3,500,000 one-year line of credit with First Citizen’s Bank at 5.12% to fund cash flow needs for the TDEC-ARPA wastewater treatment expansion project and pay contractor Tybe before grant reimbursements. The mayor and recorder/treasurer are authorized to manage draws and repayments on the credit line.

Status
APPROVED
Document date
September 22, 2025
Contract type
FINANCIAL_SERVICES
Vendor
First Citizen’s Bank
Agency
City of Munford · TN

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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
$3,500,000 line of credit at 5.12%
Contract type
FINANCIAL_SERVICES
Contract term
One-year period
Renewal
Single one-year line of credit; no renewal terms stated in the resolution.
Document type
AgendaPacket
Source document
City of Munford Board of Mayor and Aldermen Agenda Packet 2025-09-22

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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 Munford?

First Citizen’s Bank was awarded this financial services contract by City of Munford, as recorded on September 22, 2025. The contract value is $3,500,000 line of credit at 5.12%.

How much is the First Citizen’s Bank contract with City of Munford worth?

The First Citizen’s Bank contract with City of Munford is valued at $3,500,000 line of credit at 5.12%, covering financial services work.

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 Munford Board of Mayor and Aldermen Agenda Packet 2025-09-22 (AgendaPacket), dated September 22, 2025 from City of Munford. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First Citizen’s Bank hold?

First Citizen’s 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 Citizen’s Bank's profile

What is City of Munford currently buying?

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

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