RTA seeks renewal of $5M line of credit with Fifth Third
Regional Transportation Authority Of Middle TennesseePublic Authority · Madison, TN- Disclosed value
- Up to $5 million; non-use fee on $3 million at 7.5 basis points; interest at Prime minus 1.8%
- From agendapacket
- Document date
- May 20, 2026
- Term
- July 1, 2026 – June 30, 2027
- Renews
- Free account
The 30-second brief
RTA staff recommended renewing a revolving line of credit agreement with Fifth Third Bank for up to $5 million from July 1, 2026 through June 30, 2027. The facility, priced at Prime minus 1.8% with a non-use fee on $3 million, will support cash flow for federally reimbursable expenses.
Fifth Third Bank holds this financial services contract with Regional Transportation Authority Of Middle Tennessee. Its other public contracts on record include work for City of Marine and The School Association For Special Education In Dupage County.
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Contract details
- Contract type
- Financial Services
- Amount
- Up to $5 million; non-use fee on $3 million at 7.5 basis points; interest at Prime minus 1.8%
- Document date
- May 20, 2026
- Term
- July 1, 2026 – June 30, 2027
- Renews
- On record
- Vendor
- Fifth Third Bank
- Source document
- Regional Transportation Authority Executive Committee Meeting Agenda Packet 2026-05-20 (AgendaPacket)
Fifth Third Bank's other public contracts
More Regional Transportation Authority Of Middle Tennessee contracts
Questions about this contract
Who was awarded the financial services contract by Regional Transportation Authority Of Middle Tennessee?
Fifth Third Bank was awarded this financial services contract by Regional Transportation Authority Of Middle Tennessee, as recorded on May 20, 2026. The contract value is Up to $5 million; non-use fee on $3 million at 7.5 basis points; interest at Prime minus 1.8%.
How much is the Fifth Third Bank contract with Regional Transportation Authority Of Middle Tennessee worth?
The Fifth Third Bank contract with Regional Transportation Authority Of Middle Tennessee is valued at Up to $5 million; non-use fee on $3 million at 7.5 basis points; interest at Prime minus 1.8%, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Regional Transportation Authority Executive Committee Meeting Agenda Packet 2026-05-20 (AgendaPacket), dated May 20, 2026 from Regional Transportation Authority Of Middle Tennessee. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Fifth Third Bank hold?
Fifth Third 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 Regional Transportation Authority Of Middle Tennessee currently buying?
Explore Regional Transportation Authority Of Middle Tennessee's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.