Isle of Wight County Awards Financial Services Contract to Hometrust Bank (August 2023)
Isle of Wight CountyCounty · Isle of Wight, VA- Disclosed value
- Not to exceed $600,000; interest rate not to exceed 3.840%
- From agendapacket
- Approved
- Aug 3, 2023
The 30-second brief
The Isle of Wight County Board of Supervisors approved a master lease purchase financing arrangement with HomeTrust Bank to fund up to $600,000 in new vehicles. The financing will carry an interest rate not to exceed 3.840% over a term of up to five years from closing.
Hometrust Bank holds this financial services contract with Isle of Wight County. Its other public contracts on record include work for New River Resource Authority and Wythe County.
Term as filed: Financing term shall not exceed five years from closing.
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed $600,000; interest rate not to exceed 3.840%
- Document date
- August 3, 2023
- Term
- Financing term shall not exceed five years from closing
- Vendor
- Hometrust Bank
- Agency
- Isle of Wight County
- Source document
- Isle of Wight County AgendaPacket Board of Supervisors Meeting 2023-08-03 (AgendaPacket)
Hometrust Bank's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Isle of Wight County?
Hometrust Bank was awarded this financial services contract by Isle of Wight County, as recorded on August 3, 2023. The contract value is Not to exceed $600,000; interest rate not to exceed 3.840%.
How much is the Hometrust Bank contract with Isle of Wight County worth?
The Hometrust Bank contract with Isle of Wight County is valued at Not to exceed $600,000; interest rate not to exceed 3.840%, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Isle of Wight County AgendaPacket Board of Supervisors Meeting 2023-08-03 (AgendaPacket), dated August 3, 2023 from Isle of Wight County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Hometrust Bank hold?
Hometrust 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 Isle of Wight County currently buying?
Explore Isle of Wight County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.