CONTRACTDISCUSSED

Touchstone Bank submits equipment financing bid

Dinwiddie County Public Schools logoDinwiddie County Public Schools
Disclosed value
Up to $2,750,000
From report
Document date
Oct 9, 2020

The 30-second brief

What it covers

Touchstone Bank presented Dinwiddie County with a 1.75% equipment financing proposal that includes a $25,000 prepayment penalty in the first 18 months and par prepayment thereafter. The offer contemplates closing by November 25, 2020 with lender’s counsel fees of $3,000.

Who holds it

Touchstone Bank holds this financial services contract with Dinwiddie County Public Schools. Its other public contracts on record include work for Dinwiddie County Water Authority and City of Henderson.

What happens next

Term as filed: Closing by 11/25/2020; first payment 8/1/2021; final maturity not explicitly stated (likely 8/1/2030).

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Contract details

Contract type
Financial Services
Amount
Up to $2,750,000
Document date
October 9, 2020
Term
Closing by 11/25/2020; first payment 8/1/2021; final maturity not explicitly stated (likely 8/1/2030)
Source document
dinwiddie-county-public-schools-report-2020-10-09_d5f.pdf (Report)

Touchstone Bank's other public contracts

More Dinwiddie County Public Schools contracts

Questions about this contract

Who was awarded the financial services contract by Dinwiddie County Public Schools?

Touchstone Bank was awarded this financial services contract by Dinwiddie County Public Schools, as recorded on October 9, 2020. The contract value is Up to $2,750,000.

How much is the Touchstone Bank contract with Dinwiddie County Public Schools worth?

The Touchstone Bank contract with Dinwiddie County Public Schools is valued at Up to $2,750,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in dinwiddie-county-public-schools-report-2020-10-09_d5f.pdf (Report), dated October 9, 2020 from Dinwiddie County Public Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Touchstone Bank hold?

Touchstone 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 Dinwiddie County Public Schools currently buying?

Explore Dinwiddie County Public Schools's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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