Town of Farmville town Awards Financial Services Contract to Benchmark Community Bank (July 2026)

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $337,000

Contract type

FINANCIAL_SERVICES

Contract term

Forty-eight (48) months at 4.35% fixed interest, no prepayment penalty

Renewal date

2030-06-18

Renewal

Loan term is 48 months per commitment letter; payments are subject to annual appropriation as stated in the resolution. No prepayment penalty applies, but no renewal or extension terms are specified.

Document type

Minutes

Source document

Farmville Town Council Minutes Regular Meeting of July 8, 2026

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APPROVED

Lunenburg County Public Schools, Virginia$4,967.06Sep 14, 2026

Town of Farmville AgendaPacket 2026-08-12

APPROVED

Town of Farmville town, VirginiaNot to exceed $337,000Aug 12, 2026

Town of Farmville AgendaPacket Town Council Meeting 2026-07-08

Town of Farmville Town Council Agenda 2026-07-08

PENDING

Town of Farmville town, VirginiaJul 8, 2026

Farmville Town Council Minutes Regular Work Session 2026-07-01

PENDING

Town of Farmville town, Virginia$337,000 at a fixed rate of 4.35 percent over 48 monthsJul 1, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Farmville town?

Benchmark Community Bank was awarded this financial services contract by Town of Farmville town, as recorded on July 8, 2026. The contract value is Not to exceed $337,000.

How much is the Benchmark Community Bank contract with Town of Farmville town worth?

The Benchmark Community Bank contract with Town of Farmville town is valued at Not to exceed $337,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Farmville Town Council Minutes Regular Meeting of July 8, 2026 (Minutes), dated July 8, 2026 from Town of Farmville town. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Benchmark Community Bank hold?

Benchmark Community 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 Benchmark Community Bank's profile

What is Town of Farmville town currently buying?

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

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