First National Bank LOC Proposal Not Selected
City of OsceolaCity · Osceola, AR- Disclosed value
- Proposed 1.5% fee ($15,000) for $1,000,000 letter of credit
- From resolution
- Document date
- Dec 15, 2025
The 30-second brief
First National Bank of Eastern Arkansas proposed to provide a one-year $1,000,000 letter of credit for the City’s utility obligations at a 1.5% fee, or $15,000. The proposal was not selected after the City opted for a lower-cost offer from Cross Bank.
First National Bank of Eastern Arkansas holds this financial services contract with City of Osceola. Its other public contracts on record include work for City of Marion and East Arkansas Community College.
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Contract details
- Contract type
- Financial Services
- Amount
- Proposed 1.5% fee ($15,000) for $1,000,000 letter of credit
- Document date
- December 15, 2025
- Agency
- City of Osceola
- Source document
- City of Osceola Resolution Authorizing the Issuance of an Irrevocable Letter of Credit 2025-12-15 (Resolution)
First National Bank of Eastern Arkansas's other public contracts
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Questions about this contract
Who was awarded the financial services contract by City of Osceola?
First National Bank of Eastern Arkansas was awarded this financial services contract by City of Osceola, as recorded on December 15, 2025. The contract value is Proposed 1.5% fee ($15,000) for $1,000,000 letter of credit.
How much is the First National Bank of Eastern Arkansas contract with City of Osceola worth?
The First National Bank of Eastern Arkansas contract with City of Osceola is valued at Proposed 1.5% fee ($15,000) for $1,000,000 letter of credit, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a resolution record.
Where was this contract approved?
This contract appears in City of Osceola Resolution Authorizing the Issuance of an Irrevocable Letter of Credit 2025-12-15 (Resolution), dated December 15, 2025 from City of Osceola. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does First National Bank of Eastern Arkansas hold?
First National Bank of Eastern Arkansas 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 Osceola currently buying?
Explore City of Osceola's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.