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Grafton County Awards $2,500,000 Financial Services Contract to Passumpsic Savings Bank (January 2025)

Grafton County logoGrafton County
Disclosed value
$2,500,000
From meeting minutes
Approved
Jan 27, 2025
Term
13 Week CDARS at 4.50%

The 30-second brief

What it covers

Grafton County approved a $2,500,000 placement with Passumpsic Savings Bank in a 13‑week CDARS deposit at 4.50% interest. The short‑term investment is part of the county’s diversified cash management plan.

Who holds it

Passumpsic Savings Bank holds this financial services contract with Grafton County. Its other public contracts on record include work for Town of Derby and Town of Barton.

What happens next

Term as filed: 13 Week CDARS at 4.50%.

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Contract details

Contract type
Financial Services
Amount
$2,500,000
Document date
January 27, 2025
Term
13 Week CDARS at 4.50%
Vendor
Passumpsic Savings Bank
Agency
Grafton County
Source document
grafton-county-meeting-minutes-2025-01-27_f39.pdf (Meeting Minutes)

Passumpsic Savings Bank's other public contracts

Town of Derby, VermontPassumpsic Bank Loan Proposal Remains Pending · Sep 8, 2026Town of Barton, VermontVillage Refinances Line of Credit with Passumpsic Bank · Jul 28, 2026UndisclosedTown of Brownington, VermontDirect Deposit Payroll Approved with Passumpsic Savings Bank · Feb 18, 2026UndisclosedTown of Barnet, VermontBarnet Approves $2.5M Line of Credit for Flood Recovery · Feb 9, 2026$2.5MTown of Brownington, VermontPassumpsic bank financing for plow truck on hold · Jan 28, 2026UndisclosedAll Passumpsic Savings Bank contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by Grafton County?

Passumpsic Savings Bank was awarded this financial services contract by Grafton County, as recorded on January 27, 2025. The contract value is $2,500,000.

How much is the Passumpsic Savings Bank contract with Grafton County worth?

The Passumpsic Savings Bank contract with Grafton County is valued at $2,500,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in grafton-county-meeting-minutes-2025-01-27_f39.pdf (Meeting Minutes), dated January 27, 2025 from Grafton County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Passumpsic Savings Bank hold?

Passumpsic Savings 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 Grafton County currently buying?

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

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