CONTRACTAWARDED

City of Franklin Awards $8,300,000 Financial Services Contract to Webster Bank National Association (January 2025)

Disclosed value: $8,300,000; From agenda
Awarded: Jan 13, 2025
Renews: Mar 2027; Free account

What it covers

Franklin entered into a Note Purchase and Loan Agreement with Webster Bank, National Association for the purchase of the City’s $8.3 million General Obligation Bond Anticipation Note, Series 2024. The note provides interim financing for courthouse, armory, and public safety radio projects through no later than December 31, 2027.

Who holds it

Webster Bank National Association holds this financial services contract with City of Franklin. Its other public contracts on record include work for Wayne Local Schools and Patchogue-Medford Union Free School District.

What happens next

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Contract details

Contract type: Financial Services
Amount: $8,300,000
Document date: January 13, 2025
Term: Maturing no later than December 31, 2027; prepayable in whole after October 31, 2026 with no prepayment penalty
Renews: On record
Vendor: Webster Bank National Association
Agency: City of Franklin
Source document: City of Franklin Council Meeting Agenda January 2025 (Agenda)

Webster Bank National Association's other public contracts

Wayne Local Schools, OhioWayne District Expands Webster Bank Vehicle Financing · Oct 5, 2026 Wayne Local Schools, OhioWayne Schools Expands Webster Bank Vehicle Financing Purpose · Oct 4, 2026 Patchogue-Medford Union Free School District, New YorkWebster Bank Named Lease Funds Depository · Aug 25, 2026Undisclosed City of Copperas Cove city, TexasWebster Bank Approved as Bond Paying Agent and Registrar · Aug 4, 2026Undisclosed Hyde Park Central School District, New YorkWebster Bank Named Escrow Agent for Lease Funds · Jul 9, 2026Undisclosed All Webster Bank National Association contractsVendor profile

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Questions about this contract

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

Webster Bank National Association was awarded this financial services contract by City of Franklin, as recorded on January 13, 2025. The contract value is $8,300,000.

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

The Webster Bank National Association contract with City of Franklin is valued at $8,300,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Franklin Council Meeting Agenda January 2025 (Agenda), dated January 13, 2025 from City of Franklin. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Webster Bank National Association hold?

Webster 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 Franklin currently buying?

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

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