Fannin County Awards Financial Services Contract to Ally Bank (May 2026)

Scope & details

The full contract record, as filed.

Contract amount

$697,750.00 financed; Total Payments: $192,493.61 annually; Total Interest: $72,224.44; End of Lease Purchase Option: $1 per unit

Contract type

FINANCIAL_SERVICES

Contract term

4 annual payments at 6.99% APR; first payment $192,493.61 due upon delivery; term labeled “4.Annual”

Renewal

Lease term is fixed for four annual payments with a $1-per-unit purchase option at the end; includes non-appropriation-based early termination but no renewal or extension options.

Document type

Agreement

Source document

Fannin County Municipal Lease-Purchase Agreement 2026-05-14

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Fannin County?

Ally Bank was awarded this financial services contract by Fannin County, as recorded on May 14, 2026. The contract value is $697,750.00 financed; Total Payments: $192,493.61 annually; Total Interest: $72,224.44; End of Lease Purchase Option: $1 per unit.

How much is the Ally Bank contract with Fannin County worth?

The Ally Bank contract with Fannin County is valued at $697,750.00 financed; Total Payments: $192,493.61 annually; Total Interest: $72,224.44; End of Lease Purchase Option: $1 per unit, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Fannin County Municipal Lease-Purchase Agreement 2026-05-14 (Agreement), dated May 14, 2026 from Fannin County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Ally Bank hold?

Ally 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.

View Ally Bank's profile

What is Fannin County currently buying?

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

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