FINANCIAL_SERVICESAPPROVED

Gloucester County Awards Financial Services Contract to Chesapeake Bank (October 2026)

Gloucester County approved moving forward with Chesapeake Bank financing of up to $20 million for construction of Volunteer Fire and Rescue Station One. The proposed 20-year financing was expected to close by the end of July 2026, with interest payments beginning December 1, 2026, and principal payments beginning December 1, 2028.

Document date · October 2, 2026

Track Gloucester County contracts

Get alerts when new contracts are awarded or existing ones approach renewal at Gloucester County.

Get started free

Create a free account · no credit card

Trusted by teams at

Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Up to $20 million
Contract type
FINANCIAL_SERVICES
Contract term
20 years; anticipated closing by the end of July 2026; first interest payment due December 1, 2026, and first principal payment due December 1, 2028
Renewal date
2046-07-31
Renewal
20-year financing term; construction draw-down financing was expected to convert to permanent financing, with the interest rate locked during the draw period.
Document type
AgendaPacket
Source document
Gloucester County AgendaPacket 2026-10-06

Related contracts

Other contracts from Chesapeake Bank.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Gloucester County?

Chesapeake Bank was awarded this financial services contract by Gloucester County, as recorded on October 2, 2026. The contract value is Up to $20 million.

How much is the Chesapeake Bank contract with Gloucester County worth?

The Chesapeake Bank contract with Gloucester County is valued at Up to $20 million, 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 Gloucester County AgendaPacket 2026-10-06 (AgendaPacket), dated October 2, 2026 from Gloucester County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Chesapeake Bank hold?

Chesapeake 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 Chesapeake Bank's profile

What is Gloucester County currently buying?

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

View Gloucester County's profile