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Shelton Considers $5.66M Loan from Newtown Savings Bank

City of Shelton logoCity of Shelton
Disclosed value
$5,657,909.00
From agendapacket
Document date
Aug 13, 2026

The 30-second brief

What it covers

Shelton’s Board of Aldermen will consider adopting a resolution to borrow $5,657,909.00 from Newtown Savings Bank, granting collateral and authorizing execution of all loan documents. The resolution also designates Newtown Savings Bank as a depository of City funds.

Who holds it

Newtown Savings Bank holds this financial services contract with City of Shelton. Its other public contracts on record include work for Town of Monroe and Town of Newtown.

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Contract details

Contract type
Financial Services
Amount
$5,657,909.00
Document date
August 13, 2026
Vendor
Newtown Savings Bank
Agency
City of Shelton
Source document
City of Shelton Board of Aldermen Regular Meeting Agenda Packet 2026-08-13 (AgendaPacket)

Newtown Savings Bank's other public contracts

City of Shelton, ConnecticutCity Approves $5.66 Million Newtown Savings Bank Loan · Aug 13, 2026$5.7MTown of Monroe, ConnecticutNewtown Savings Bank Sponsors Parks Character Nights · Aug 3, 2026UndisclosedTown of Newtown, ConnecticutNewtown Savings Bank Provides Depository Services · Jun 17, 2026UndisclosedTrumbull Center Fire District, ConnecticutDistrict to Receive New Credit Cards from Newtown Savings · Jun 2, 2026UndisclosedTown of Monroe, ConnecticutNewtown Savings Bank Sponsors Community Event at Wolfe Park · Jun 1, 2026$250All Newtown Savings Bank contractsVendor profile

More City of Shelton contracts

Buckhurst Fish & Jacquemart Inc Dba Bfj PlanningCommission Discusses Zoning Work With BFJ Planning · Oct 20, 2026UndisclosedPerez, CamilleShelton Proposes Sidewalk Repair Reimbursement to Camille Perez · Oct 8, 2026$325Aquarion Water AuthorityShelton Approves Aquarion Temporary Water Line · Oct 7, 2026UndisclosedBLANCHETTESBlanchettes Supplies Custom Hats for Trail Volunteers · Oct 7, 2026UndisclosedCollect AssociatesCollect Associates Provides Property Management Transition Support · Oct 6, 2026UndisclosedAll City of Shelton activityAgency profile

Questions about this contract

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

Newtown Savings Bank was awarded this financial services contract by City of Shelton, as recorded on August 13, 2026. The contract value is $5,657,909.00.

How much is the Newtown Savings Bank contract with City of Shelton worth?

The Newtown Savings Bank contract with City of Shelton is valued at $5,657,909.00, 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 Shelton Board of Aldermen Regular Meeting Agenda Packet 2026-08-13 (AgendaPacket), dated August 13, 2026 from City of Shelton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Newtown Savings Bank hold?

Newtown Savings 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.

What is City of Shelton currently buying?

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

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