Madison County Awards $4,160,000 Financial Services Contract to Webster Bank National Association (September 2025)
Madison CountyCounty · VA- Disclosed value
- $4,160,000
- From agendapacket
- Approved
- Sep 3, 2025
- Renews
- Free account
The 30-second brief
The Industrial Development Authority of Madison County approved a $4,160,000 lease revenue bond financing with Webster Bank, National Association to fund county and school capital projects, including facility renovations, buses, and vehicles. The bond carries a fixed interest rate not to exceed 3.73% and matures by December 31, 2028, with optional prepayment beginning May 1, 2026.
Webster Bank National Association holds this financial services contract with Madison County. Its other public contracts on record include work for Wayne Local Schools and Patchogue-Medford Union Free School District.
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Contract details
- Contract type
- Financial Services
- Amount
- $4,160,000
- Document date
- September 3, 2025
- Term
- Bond dated as of September 2025, maturing no later than December 31, 2028; optional prepayment on or after May 1, 2026
- Renews
- On record
- Agency
- Madison County
- Source document
- Madison County Industrial Development Authority Agenda Packet Sept 2025 (AgendaPacket)
Webster Bank National Association's other public contracts
More Madison County contracts
Questions about this contract
Who was awarded the financial services contract by Madison County?
Webster Bank National Association was awarded this financial services contract by Madison County, as recorded on September 3, 2025. The contract value is $4,160,000.
How much is the Webster Bank National Association contract with Madison County worth?
The Webster Bank National Association contract with Madison County is valued at $4,160,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Madison County Industrial Development Authority Agenda Packet Sept 2025 (AgendaPacket), dated September 3, 2025 from Madison County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Webster Bank National Association hold?
Webster Bank National Association 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 Madison County currently buying?
Explore Madison County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.