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Town of Groton Awards Financial Services Contract to Bancroft Capital LLC (February 2026)

Town of Groton logoTown of Groton
Disclosed value
$24,000,000 GOB (premium $2,363,843)
From minutes
Awarded
Feb 2, 2026

The 30-second brief

What it covers

The Town of Groton approved the award of a $24 million General Obligation Bond for school and water projects to Bancroft Capital, LLC, securing a premium of $2,363,843 at a true interest cost of 3.31%. The contract was approved unanimously on February 2, 2026.

Who holds it

Bancroft Capital LLC holds this financial services contract with Town of Groton. Its other public contracts on record include work for Oakland International Airport (Port of Oakland, Aviation Division) and NYC Housing Development Corporation (HDC).

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Contract details

Contract type
Financial Services
Amount
$24,000,000 GOB (premium $2,363,843)
Document date
February 2, 2026
Vendor
Bancroft Capital LLC
Agency
Town of Groton
Source document
Town of Groton Select Board Meeting Minutes February 2, 2026 (Minutes)

Bancroft Capital LLC's other public contracts

Oakland International Airport (Port of Oakland, Aviation Division), CaliforniaBancroft Capital Joins Port Underwriting Pool · Jun 25, 2026UndisclosedNYC Housing Development Corporation (HDC), New YorkBancroft Capital LLC: Co-Manager on 2026 HDC Bond Issue · Jun 1, 2026UndisclosedTown of Groton, Massachusetts$26.5M GO Bonds Awarded to Bancroft Capital LLC · Feb 2, 2026$26.5MTown of Groton, MassachusettsGroton Awards Bond Financing to Bancroft Capital · Feb 2, 2026NYC-Residential Mortgage Insurance Corporation, New YorkBancroft Capital Co-Managing Underwriter For Bonds · Dec 1, 2025UndisclosedAll Bancroft Capital LLC contractsVendor profile

More Town of Groton contracts

On-site InsightOn-Site Insight Assessment Evaluated Sandy Pond Housing Needs · Sep 22, 2026UndisclosedBroken Creek VineyardGroton Approves Broken Creek Vineyard Event License · Aug 31, 2026UndisclosedFlock SafetyGroton Cancels Flock Safety Camera Contract · Aug 31, 2026UndisclosedMdm Transportation ConsultantsMDM Transportation Consultants Develops Groton Main Street Designs · Aug 31, 2026UndisclosedDEFELICEDeFelice Continues Groton PFAS Waterline Project · Aug 31, 2026UndisclosedAll Town of Groton activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Town of Groton?

Bancroft Capital LLC was awarded this financial services contract by Town of Groton, as recorded on February 2, 2026. The contract value is $24,000,000 GOB (premium $2,363,843).

How much is the Bancroft Capital LLC contract with Town of Groton worth?

The Bancroft Capital LLC contract with Town of Groton is valued at $24,000,000 GOB (premium $2,363,843), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of Groton Select Board Meeting Minutes February 2, 2026 (Minutes), dated February 2, 2026 from Town of Groton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Bancroft Capital LLC hold?

Bancroft Capital LLC 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 Town of Groton currently buying?

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

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