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Town Considers $500,000 LOC from Provident Bank

Town of Federalsburg logoTown of Federalsburg
Disclosed value
$500,000 line of credit
From agenda
Document date
Jul 18, 2022

The 30-second brief

What it covers

Federalsburg introduced Ordinance 2022-4 to authorize a $500,000 line of credit with Provident State Bank. The Mayor and Council requested comparative rates from additional banks prior to taking final action.

Who holds it

Provident State Bank holds this financial services contract with Town of Federalsburg. Its other public contracts on record include work for Town of Ridgely and Town of Secretary.

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Contract details

Contract type
Financial Services
Amount
$500,000 line of credit
Document date
July 18, 2022
Vendor
Provident State Bank
Agency
Town of Federalsburg
Source document
town-of-federalsburg-agenda-2022-07-18_289.pdf (Agenda)

Provident State Bank's other public contracts

Town of Ridgely, MarylandProvident State Bank Maintains Town Police Accounts · Jun 5, 2023UndisclosedTown of Secretary, MarylandProvident State Bank loan for trash truck · Jan 17, 2023$60KTown of Secretary, MarylandTown of Secretary Seeks Trash Truck Loan Approval · Jan 17, 2023UndisclosedTown of Federalsburg, MarylandFederalsburg to Obtain $500,000 Line of Credit · Jul 18, 2022$500KTown of Federalsburg, MarylandFederalsburg Authorizes $500K Line of Credit · Jun 21, 2022$500KAll Provident State Bank contractsVendor profile

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Questions about this contract

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

Provident State Bank was awarded this financial services contract by Town of Federalsburg, as recorded on July 18, 2022. The contract value is $500,000 line of credit.

How much is the Provident State Bank contract with Town of Federalsburg worth?

The Provident State Bank contract with Town of Federalsburg is valued at $500,000 line of credit, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in town-of-federalsburg-agenda-2022-07-18_289.pdf (Agenda), dated July 18, 2022 from Town of Federalsburg. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Provident State Bank hold?

Provident State 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 Federalsburg currently buying?

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

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