FINANCIAL_SERVICESAPPROVED

Town of Carolina Beach Awards $10,000,000 Financial Services Contract to Truist Bank (September 2026)

Council approved a $10 million financing package with Truist Bank for the purchase of nine Boardwalk area properties. The 15-year loan was selected over a competing proposal because it better accommodates expected grant funding.

Document date · September 8, 2026

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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
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
$10,000,000
Contract type
FINANCIAL_SERVICES
Contract term
15-year term
Renewal date
2041-08-11
Document type
AgendaPacket
Source document
Town of Carolina Beach AgendaPacket Town Council Regular Meeting 2026-09-08

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Carolina Beach?

Truist Bank was awarded this financial services contract by Town of Carolina Beach, as recorded on September 8, 2026. The contract value is $10,000,000.

How much is the Truist Bank contract with Town of Carolina Beach worth?

The Truist Bank contract with Town of Carolina Beach is valued at $10,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Town of Carolina Beach AgendaPacket Town Council Regular Meeting 2026-09-08 (AgendaPacket), dated September 8, 2026 from Town of Carolina Beach. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Truist Bank hold?

Truist 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 Truist Bank's profile

What is Town of Carolina Beach currently buying?

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