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Webster Bank Proposed Boardwalk Loan Terms

Town of Carolina Beach logoTown of Carolina Beach
Disclosed value
$10,000,000
From minutes
Document date
Aug 11, 2026
Term
15 years
Renews
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The 30-second brief

What it covers

Webster Bank submitted a financing proposal for the Town’s Boardwalk property acquisition. The bank offered a slightly lower rate, but its two-year no-call restriction made it less favorable than Truist Bank’s offer.

Who holds it

Webster Bank holds this financial services contract with Town of Carolina Beach. Its other public contracts on record include work for Town Of East Windsor Pension Plan and Middlesex County.

What happens next

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Contract details

Contract type
Financial Services
Amount
$10,000,000
Document date
August 11, 2026
Term
15 years
Renews
On record
Vendor
Webster Bank
Agency
Town of Carolina Beach
Source document
Town of Carolina Beach Minutes Town Council Regular Meeting 2026-08-11 (Minutes)

Webster Bank's other public contracts

Town Of East Windsor Pension Plan, ConnecticutPension Board Schedules Webster Bank Fund Update · Nov 3, 2026UndisclosedTown Of East Windsor Pension Plan, ConnecticutWebster Bank to Present Retirement Investment Analysis · Nov 3, 2026UndisclosedMiddlesex County, VirginiaCounty Lists Debt Service Payment to Webster Bank · Nov 3, 2026$8.3KTown of Wendell, North CarolinaWebster Bank Bond Funds Wendell Recreation Projects · Oct 24, 2026$2.1MTown of Wendell, North CarolinaWebster Bank Finances Wendell Public Works Yard · Oct 24, 2026$732.5KAll Webster Bank contractsVendor profile

More Town of Carolina Beach contracts

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Questions about this contract

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

Webster Bank was awarded this financial services contract by Town of Carolina Beach, as recorded on August 11, 2026. The contract value is $10,000,000.

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

The Webster 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 minutes record.

Where was this contract approved?

This contract appears in Town of Carolina Beach Minutes Town Council Regular Meeting 2026-08-11 (Minutes), dated August 11, 2026 from Town of Carolina Beach. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Webster Bank hold?

Webster 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 Town of Carolina Beach currently buying?

Explore Town of Carolina Beach's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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