Stanly County Awards Financial Services Contract to Pnc Bank (August 2026)

Stanly County approved interim financing with PNC bank at a fixed 4.10% interest rate for up to three years to support the $22.522 million USDA-funded West Stanly Wastewater Treatment Plant enhancement project. The interim loan covers construction contracts, capitalized interest, contingencies, and engineering costs.

Scope & details

The full contract record, as filed.

Contract amount

$22.522 million (interim financing at 4.10% fixed interest; not to exceed 3 years)

Contract type

FINANCIAL_SERVICES

Contract term

Fixed interest rate of 4.10% for a term of no more than 3 years

Renewal

Interim loan for up to 3 years; no renewal or extension options described.

Document type

AgendaPacket

Source document

Stanly County Board of Commissioners Agenda Packet 2026-08-03

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Stanly County?

Pnc Bank was awarded this financial services contract by Stanly County, as recorded on August 3, 2026. The contract value is $22.522 million (interim financing at 4.10% fixed interest; not to exceed 3 years).

How much is the Pnc Bank contract with Stanly County worth?

The Pnc Bank contract with Stanly County is valued at $22.522 million (interim financing at 4.10% fixed interest; not to exceed 3 years), 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 Stanly County Board of Commissioners Agenda Packet 2026-08-03 (AgendaPacket), dated August 3, 2026 from Stanly County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Pnc Bank hold?

Pnc 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.

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