CONTRACTRECOMMENDED

Summit Bank Senior Financing Subordination Agreement Recommended

Document date: Nov 3, 2026

What it covers

Clackamas County staff recommend approval of a subordination agreement with Summit Bank for the Acadia Gardens and Town Center Station affordable housing projects. The agreement makes the County’s HOME loans subordinate to Summit Bank’s senior financing.

Who holds it

Summit Bank holds this financial services contract with Clackamas County. Its other public contracts on record include work for Banks Fire District #13 and Shangri La Water District.

What happens next

Term as filed: Commences on execution and continues until payment of the senior or subordinate indebtedness, foreclosure, or another termination event specified in the agreement.

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Contract details

Contract type: Financial Services
Document date: November 3, 2026
Term: Commences on execution and continues until payment of the senior or subordinate indebtedness, foreclosure, or another termination event specified in the agreement
Vendor: Summit Bank
Agency: Clackamas County
Source document: Clackamas County Agreement Acadia Gardens and Town Center Station Affordable Housing Projects 2026-11-05 (Agreement)

Summit Bank's other public contracts

Banks Fire District #13, OregonDistrict Establishes $300,000 Operating Line Of Credit · Jun 23, 2026 Shangri La Water District, OregonAnnual Safe Deposit Rental with Summit Bank · Jun 16, 2026Undisclosed Sebastopol Independent Charter District, CaliforniaBank and ACH Fees Paid to Summit Bank · Jun 15, 2026$45.7 Sonoma Valley Hospital, CaliforniaHospital Plans LOC Discussions With Summit Bank · Jun 4, 2026Undisclosed Oregon Travel Information Council, OregonSummit Bank ICS Account Earns 3.39% Interest · May 27, 2026Undisclosed All Summit Bank contractsVendor profile

More Clackamas County contracts

Oregon Health AuthorityCounty Reviewed Sixth Public Health Agreement Amendment · Nov 3, 2026Undisclosed Oregon Health AuthorityCounty Reviewed Second Public Health Agreement Amendment · Nov 3, 2026Undisclosed Oregon Health AuthorityCounty Reviewed Fifth Public Health Agreement Amendment · Nov 3, 2026Undisclosed Swc Acadia LLCAcadia Gardens HOME Loan Transfer Recommended for Approval · Nov 3, 2026 Oracle America IncClackamas County Approves Oracle PeopleSoft Expansion · Nov 3, 2026 All Clackamas County activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Clackamas County?

Summit Bank was awarded this financial services contract by Clackamas County, as recorded on November 3, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agreement record.

Where was this contract approved?

This contract appears in Clackamas County Agreement Acadia Gardens and Town Center Station Affordable Housing Projects 2026-11-05 (Agreement), dated November 3, 2026 from Clackamas County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Summit Bank hold?

Summit 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.

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