FINANCIAL_SERVICESAPPROVED

Manteo Police Department Awards Financial Services Contract to 1st National Bank (October 2026)

Manteo approved installment financing with 1st National Bank for up to $1 million to help fund the new Town Hall project. The financing carries a maximum 5.22% annual interest rate and a term of up to 10 years from closing.

Document date · October 7, 2026

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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
Not to exceed $1,000,000; annual interest rate not to exceed 5.22%
Contract type
FINANCIAL_SERVICES
Contract term
Not to exceed 10 years from closing
Renewal
No renewal option stated; financing term is limited to 10 years from closing. Final interest rate remained subject to negotiation, with a 5.22% ceiling.
Document type
AgendaPacket
Source document
Town of Manteo AgendaPacket Board of Commissioners Meeting 2026-10-07

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Manteo Police Department?

1st National Bank was awarded this financial services contract by Manteo Police Department, as recorded on October 7, 2026. The contract value is Not to exceed $1,000,000; annual interest rate not to exceed 5.22%.

How much is the 1st National Bank contract with Manteo Police Department worth?

The 1st National Bank contract with Manteo Police Department is valued at Not to exceed $1,000,000; annual interest rate not to exceed 5.22%, 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 Town of Manteo AgendaPacket Board of Commissioners Meeting 2026-10-07 (AgendaPacket), dated October 7, 2026 from Manteo Police Department. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does 1st National Bank hold?

1st National 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 1st National Bank's profile

What is Manteo Police Department currently buying?

Explore Manteo Police Department's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Manteo Police Department's profile