CONTRACTAPPROVED

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

Town of Farmville town
Disclosed value
Not to exceed $337,000
From minutes
Approved
Jul 8, 2026
Renews
Free account

The 30-second brief

What it covers

Farmville Town Council approved a loan agreement with Benchmark Community Bank for up to $337,000 to finance five police department vehicles over 48 months at a 4.35% fixed interest rate. The financing aligns with the FY2027 Capital Improvement Program and spreads the cost of these assets over their useful life.

Who holds it

Benchmark Community Bank holds this financial services contract with Town of Farmville town. Its other public contracts on record include work for Lunenburg County Public Schools and Prince Edward County.

What happens next

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Contract details

Contract type
Financial Services
Amount
Not to exceed $337,000
Document date
July 8, 2026
Term
Forty-eight (48) months at 4.35% fixed interest, no prepayment penalty
Renews
On record
Source document
Farmville Town Council Minutes Regular Meeting of July 8, 2026 (Minutes)

Benchmark Community Bank's other public contracts

More Town of Farmville town contracts

Questions about this contract

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.

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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.

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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