City of Pontiac Awards Financial Services Contract to Pnc Bank National Association (August 2026)
City of PontiacCity · Pontiac, MI- Disclosed value
- Not to exceed $6,000,000 (bond purchase)
- From agenda
- Approved
- Aug 11, 2026
- Renews
- Free account
The 30-second brief
PNC Bank, National Association will purchase up to $6 million in revenue bonds issued by the Economic Development Corporation of the County of Oakland to finance Lighthouse MI’s Housing Opportunity Center in Pontiac. The bonds will be held in PNC’s loan portfolio as a direct placement for up to 30 years.
Pnc Bank National Association holds this financial services contract with City of Pontiac. Its other public contracts on record include work for Housing Finance Authority of Miami-Dade County and Osceola County Housing Finance Authority.
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed $6,000,000 (bond purchase)
- Document date
- August 11, 2026
- Term
- Bond term not more than 30 years from issuance
- Renews
- On record
- Agency
- City of Pontiac
- Source document
- Pontiac City Council Regular Meeting Agenda 2026-08-11 (Agenda)
Pnc Bank National Association's other public contracts
More City of Pontiac contracts
Questions about this contract
Who was awarded the financial services contract by City of Pontiac?
Pnc Bank National Association was awarded this financial services contract by City of Pontiac, as recorded on August 11, 2026. The contract value is Not to exceed $6,000,000 (bond purchase).
How much is the Pnc Bank National Association contract with City of Pontiac worth?
The Pnc Bank National Association contract with City of Pontiac is valued at Not to exceed $6,000,000 (bond purchase), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Pontiac City Council Regular Meeting Agenda 2026-08-11 (Agenda), dated August 11, 2026 from City of Pontiac. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Pnc Bank National Association hold?
Pnc Bank National Association 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 Pontiac currently buying?
Explore City of Pontiac's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.