City of Webster Awards Financial Services Contract to Seacoast National Bank (April 2026)

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $1,500,000 (principal); 4.95% interest; 0.50% origination fee

Contract type

FINANCIAL_SERVICES

Contract term

From Date of Delivery (on or about April 22, 2026) to Maturity Date May 1, 2034; monthly payments beginning June 1, 2026

Renewal date

2034-05-01

Renewal

Single-term revenue note with fixed maturity on May 1, 2034; no renewals described. Note is prepayable by the City as provided in Section 3.03(d) of the Loan Agreement; payment obligation continues until principal and interest are paid in full.

Document type

Resolution

Source document

City of Webster Resolution 2026-03 Loan Authorization

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Frequently asked questions

Common questions about this contract, answered from the record.

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

Seacoast National Bank was awarded this financial services contract by City of Webster, as recorded on April 16, 2026. The contract value is Not to exceed $1,500,000 (principal); 4.95% interest; 0.50% origination fee.

How much is the Seacoast National Bank contract with City of Webster worth?

The Seacoast National Bank contract with City of Webster is valued at Not to exceed $1,500,000 (principal); 4.95% interest; 0.50% origination fee, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Webster Resolution 2026-03 Loan Authorization (Resolution), dated April 16, 2026 from City of Webster. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Seacoast National Bank hold?

Seacoast National 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.

View Seacoast National Bank's profile

What is City of Webster currently buying?

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

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