Madison County Awards Financial Services Contract to Webster Bank National Association (August 2025)
Madison CountyCounty · VA- Disclosed value
- Not to exceed $4,160,000
- From minutes
- Approved
- Aug 26, 2025
- Renews
- Free account
The 30-second brief
Madison County Board of Supervisors approved Resolution #2025-20 accepting Webster Bank, National Association’s proposal to finance up to $4,160,000 in County and School Board capital projects through a lease revenue bond. The financing carries a fixed interest rate capped at 3.73% and a final maturity no later than December 31, 2028.
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
- Not to exceed $4,160,000
- Document date
- August 26, 2025
- Term
- Maturity date no later than December 31, 2028
- Renews
- On record
- Agency
- Madison County
- Source document
- Madison County Board of Supervisors Minutes 2025-08-26 (Minutes)
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 August 26, 2025. The contract value is Not to exceed $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 Not to exceed $4,160,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Madison County Board of Supervisors Minutes 2025-08-26 (Minutes), dated August 26, 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.