CONTRACTAPPROVED

City of Newark Awards $336,653 Financial Services Contract to Fulton Bank NA (September 2020)

Disclosed value: $336,653.40; From minutes
Approved: Sep 28, 2020

What it covers

The City of Newark Council approved a master lease agreement with Fulton Bank, N.A. to finance a 2021 Navistar chassis with swap loader and Monster 25CU for $336,653.40 over six years. This lease-purchase supports replacement of aging equipment while preserving $432,498 in City reserves.

Who holds it

Fulton Bank NA holds this financial services contract with City of Newark. Its other public contracts on record include work for Maryland Health and Higher Educational Facilities Authority | State of Maryland and Merchantville Pennsauken Water Commission.

What happens next

Term as filed: Six-year master lease, semi-annual payments, $1 buyout option.

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Contract details

Contract type: Financial Services
Amount: $336,653.40
Document date: September 28, 2020
Term: Six-year master lease, semi-annual payments, $1 buyout option
Vendor: Fulton Bank NA
Agency: City of Newark
Source document: city_of_newark_council_meeting_minutes_september_2.pdf (Minutes)

Fulton Bank NA's other public contracts

Maryland Health and Higher Educational Facilities Authority | State of Maryland, MarylandFulton Bank Included in Edenwald Financing · Aug 4, 2026 Merchantville Pennsauken Water Commission, New JerseyFulton Bank Approved as MPWC Depository · Jul 9, 2026Undisclosed Maryland Health and Higher Educational Facilities Authority | State of Maryland, MarylandFulton Bank to Purchase Torah Institute Bonds · May 5, 2026 Borough of Stanhope, New JerseyFulton Bank Designated as 2026 Depository · Jan 6, 2026Undisclosed Town of Lower Macungie, PennsylvaniaTownship Confirms Signatory Authority at Fulton Bank · Jan 5, 2026Undisclosed All Fulton Bank NA contractsVendor profile

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Questions about this contract

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

Fulton Bank NA was awarded this financial services contract by City of Newark, as recorded on September 28, 2020. The contract value is $336,653.40.

How much is the Fulton Bank NA contract with City of Newark worth?

The Fulton Bank NA contract with City of Newark is valued at $336,653.40, 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_of_newark_council_meeting_minutes_september_2.pdf (Minutes), dated September 28, 2020 from City of Newark. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Fulton Bank NA hold?

Fulton Bank NA 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 Newark currently buying?

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

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