CONTRACTAPPROVED

Town of Duck Awards Financial Services Contract to Towne Bank (September 2026)

Disclosed value: $426,209 at 4.3% interest; From agendapacket
Approved: Sep 1, 2026

What it covers

The Town of Duck Council approved an installment purchase agreement with Towne Bank for $426,209 at 4.3% interest to finance four police patrol vehicles and two fire command vehicles. The financing follows a competitive RFP process and supports the Town’s capital improvement plan for public safety.

Who holds it

Towne Bank holds this financial services contract with Town of Duck. Its other public contracts on record include work for Petersburg City Public Schools and Williamsburg Redevelopment & Housing Auth..

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Contract details

Contract type: Financial Services
Amount: $426,209 at 4.3% interest
Document date: September 1, 2026
Vendor: Towne Bank
Agency: Town of Duck
Source document: Town of Duck AgendaPacket Regular Meeting 2026-09-02 (AgendaPacket)

Towne Bank's other public contracts

Town of Duck, North CarolinaDuck Approves Towne Bank Vehicle Financing · Aug 5, 2026$426.2K Town of Duck, North CarolinaTowne Bank Recommended for Vehicle Financing Agreement · Aug 5, 2026 Petersburg City Public Schools, VirginiaTowne Bank Transition Underway for School Finance · Jul 30, 2026Undisclosed Williamsburg Redevelopment & Housing Auth., VirginiaHTRFA Establishes $15 Million Line of Credit with Towne Bank · Jun 10, 2026 Town of Kill Devil Hills, North CarolinaTowne Bank Sponsors Multiple ICO Events · May 20, 2026Undisclosed All Towne Bank contractsVendor profile

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Questions about this contract

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

Towne Bank was awarded this financial services contract by Town of Duck, as recorded on September 1, 2026. The contract value is $426,209 at 4.3% interest.

How much is the Towne Bank contract with Town of Duck worth?

The Towne Bank contract with Town of Duck is valued at $426,209 at 4.3% interest, 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 Duck AgendaPacket Regular Meeting 2026-09-02 (AgendaPacket), dated September 1, 2026 from Town of Duck. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Towne Bank hold?

Towne 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 Duck currently buying?

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

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