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Passumpsic Bank Loan Proposal Remains Pending

Town of Derby
Disclosed value
Proposed bridge loan amount of approximately $50,320.64; rate not provided
From minutes
Document date
Sep 8, 2026
Renews
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The 30-second brief

What it covers

The Village of Derby Line solicited bridge-loan terms from Passumpsic Savings Bank to finance its municipal truck outfitting balance. The bank had not provided a rate by the September 8 meeting, and no financing decision was made.

Who holds it

Passumpsic Savings Bank holds this financial services contract with Town of Derby. Its other public contracts on record include work for Town of Barton and Town of Brownington.

What happens next

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Contract details

Contract type
Financial Services
Amount
Proposed bridge loan amount of approximately $50,320.64; rate not provided
Document date
September 8, 2026
Term
Bridge financing until the Vermont Municipal Loan is approved, anticipated January 2027
Renews
On record
Vendor
Passumpsic Savings Bank
Agency
Town of Derby
Source document
Village of Derby Line Minutes Trustees Meeting 2026-09-08 (Minutes)

Passumpsic Savings Bank's other public contracts

Town of Barton, VermontVillage Refinances Line of Credit with Passumpsic Bank · Jul 28, 2026UndisclosedTown of Brownington, VermontDirect Deposit Payroll Approved with Passumpsic Savings Bank · Feb 18, 2026UndisclosedTown of Barnet, VermontBarnet Approves $2.5M Line of Credit for Flood Recovery · Feb 9, 2026$2.5MTown of Brownington, VermontPassumpsic bank financing for plow truck on hold · Jan 28, 2026UndisclosedTown of Barnet, VermontLine of credit re-funding to be negotiated with Passumpsic Savings Bank · Jan 26, 2026$2.5MAll Passumpsic Savings Bank contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by Town of Derby?

Passumpsic Savings Bank was awarded this financial services contract by Town of Derby, as recorded on September 8, 2026. The contract value is Proposed bridge loan amount of approximately $50,320.64; rate not provided.

How much is the Passumpsic Savings Bank contract with Town of Derby worth?

The Passumpsic Savings Bank contract with Town of Derby is valued at Proposed bridge loan amount of approximately $50,320.64; rate not provided, 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 Village of Derby Line Minutes Trustees Meeting 2026-09-08 (Minutes), dated September 8, 2026 from Town of Derby. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Passumpsic Savings Bank hold?

Passumpsic Savings 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 Derby currently buying?

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

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