City of Eden Awards Financial Services Contract to Carter Bank & Trust (May 2026)

Scope & details

The full contract record, as filed.

Contract amount

$4,142,035; annual payments of $380,132.88 at an interest rate not to exceed 4.29%

Contract type

FINANCIAL_SERVICES

Contract term

15 years

Renewal date

2041-05-19

Renewal

Single 15-year installment purchase financing; no renewals described. Debt may be prepaid if future revenue or general obligation bond financing is pursued.

Document type

Minutes

Source document

City of Eden Minutes 2026-05-19

Related contracts

Other contracts from Carter Bank & Trust.

View all →

Town of Rocky Mount Agenda Packet 2026-07-13

APPROVED

Town of Rocky Mount, VirginiaJul 13, 2026

Eden City Council AgendaPacket 2026-05-19

Floyd Town Council Minutes 2026-05-07

APPROVED

Town of Floyd, Virginiaestimated value of $147,000 at a rate of 3.1%May 7, 2026

Town of Boones Mill Town Manager's Report 2026-04-14

ONGOING

Town of Boones Mill, Virginia$450,000 (private investment leverage commitment)Apr 14, 2026

Town of Boones Mill Town Manager's Report 2026-04-14

ONGOING

Town of Boones Mill, Virginia$450,000.00 (private investment leverage commitment)Apr 14, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

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

Carter Bank & Trust was awarded this financial services contract by City of Eden, as recorded on May 19, 2026. The contract value is $4,142,035; annual payments of $380,132.88 at an interest rate not to exceed 4.29%.

How much is the Carter Bank & Trust contract with City of Eden worth?

The Carter Bank & Trust contract with City of Eden is valued at $4,142,035; annual payments of $380,132.88 at an interest rate not to exceed 4.29%, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Eden Minutes 2026-05-19 (Minutes), dated May 19, 2026 from City of Eden. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Carter Bank & Trust hold?

Carter Bank & Trust 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 Carter Bank & Trust's profile

What is City of Eden currently buying?

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

View City of Eden's profile