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FINANCIAL_SERVICESAPPROVED

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

The Town of Farmville Council approved Resolution No. 2026-07-01 authorizing a loan agreement with Benchmark Community Bank not to exceed $337,000 to finance five new police vehicles. The financing will run for 48 months at a fixed 4.35% interest rate and is aligned with the FY2027 Capital Improvement Program.

Document date · August 12, 2026

Issuing agencyTown of Farmville townVendorBenchmark Community Bank

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TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $337,000
Contract type
FINANCIAL_SERVICES
Contract term
48 months
Renewal
Resolution specifies a fixed 48-month term with no prepayment penalty; payments are subject to annual appropriation under the FY2027 budget. No automatic renewal or extension options are described.
Document type
AgendaPacket
Source document
Town of Farmville AgendaPacket 2026-08-12

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Town of Farmville AgendaPacket Town Council Meeting 2026-07-08
RECOMMENDED
Town of Farmville town, VirginiaNot to exceed $337,000Jul 8, 2026
Town of Farmville Town Council Agenda 2026-07-08
PENDING
Town of Farmville town, VirginiaJul 8, 2026
Farmville Town Council Minutes Regular Meeting of July 8, 2026
APPROVED
Town of Farmville town, VirginiaNot to exceed $337,000Jul 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 August 12, 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 agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Town of Farmville AgendaPacket 2026-08-12 (AgendaPacket), dated August 12, 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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