City of New Philadelphia Awards Financial Services Contract to First Federal Community Bank (August 2026)

Scope & details

The full contract record, as filed.

Contract amount

10-year loan at 4.39% interest; annual payment $185,401

Contract type

FINANCIAL_SERVICES

Contract term

10-year loan; first payment in 2027

Renewal date

2037-12-31

Renewal

Resolution authorizes execution of a fixed-term 10-year loan; no renewal or extension options were discussed in the minutes.

Document type

Minutes

Source document

New Philadelphia City Council Minutes 2026-08-10

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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 New Philadelphia?

First Federal Community Bank was awarded this financial services contract by City of New Philadelphia, as recorded on August 10, 2026. The contract value is 10-year loan at 4.39% interest; annual payment $185,401.

How much is the First Federal Community Bank contract with City of New Philadelphia worth?

The First Federal Community Bank contract with City of New Philadelphia is valued at 10-year loan at 4.39% interest; annual payment $185,401, 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 New Philadelphia City Council Minutes 2026-08-10 (Minutes), dated August 10, 2026 from City of New Philadelphia. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First Federal Community Bank hold?

First Federal Community 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 Federal Community Bank's profile

What is City of New Philadelphia currently buying?

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