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Town of Newton Awards $2,675,050 Financing Contract to Truist Bank (May 2025)

Town of Newton logoTown of Newton
Disclosed value
$2,675,050
From meeting minutes
Approved
May 6, 2025
Term
15 year

The 30-second brief

What it covers

Truist Bank secured a financing bid with the City of Newton for a vehicle loan not exceeding $2,675,050, featuring a 15-year amortization period at a 4.90% interest rate.

Who holds it

Truist Bank holds this financing contract with Town of Newton. Its other public contracts on record include work for City of Mebane and Inverness Public Utility District.

What happens next

Term as filed: 15 year.

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Contract details

Contract type
Financing
Amount
$2,675,050
Document date
May 6, 2025
Term
15 year
Vendor
Truist Bank
Agency
Town of Newton
Source document
town-of-newton-meeting-minutes-2025-05-06_d65.pdf (Meeting Minutes)

Truist Bank's other public contracts

City of Mebane, North CarolinaMebane Approves Truist Financing for Equipment Shed · Oct 20, 2026Inverness Public Utility District, CaliforniaIPUD Approves Truist Bank Payments · Oct 20, 2026$10.3North Carolina Department of State Treasurer | State of North Carolina, North CarolinaGivens Estates Names Truist Bank Bond Trustee · Oct 15, 2026UndisclosedNorth Carolina Department of State Treasurer | State of North Carolina, North CarolinaMebane Approves Truist Financing for Equipment Building · Oct 15, 2026$1.6MTown of Broadway, VirginiaBroadway Continues Truist Library Loan Payments · Oct 15, 2026All Truist Bank contractsVendor profile

More Town of Newton contracts

Carolina Paving of HickoryAnnual Street Paving Contract Funding Continued · Aug 5, 2025$167.3KSoutheastern Consulting EngineersSCADA System Project Funding Continues · Aug 5, 2025$27.8KThe Perkinson Company IncValve Actuator Replacement Funding Extended · Aug 5, 2025$6.2KMerrick Industries IncParts Purchase for Slaker Repair Extended · Aug 5, 2025$5.2KTruist Bank VisaPolice Complex Renovation PO Carried Forward · Aug 5, 2025$15KAll Town of Newton activityAgency profile

Questions about this contract

Who was awarded the financing contract by Town of Newton?

Truist Bank was awarded this financing contract by Town of Newton, as recorded on May 6, 2025. The contract value is $2,675,050.

How much is the Truist Bank contract with Town of Newton worth?

The Truist Bank contract with Town of Newton is valued at $2,675,050, covering financing work.

What type of contract is this?

This is a Financing contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in town-of-newton-meeting-minutes-2025-05-06_d65.pdf (Meeting Minutes), dated May 6, 2025 from Town of Newton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Truist Bank hold?

Truist 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 Town of Newton currently buying?

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

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