Town of Groton Awards Financial Services Contract to Bancroft Capital LLC (February 2026)
Town of GrotonCity · Groton, MA- Disclosed value
- General Obligation Bonds totaling $28,580,000; premium of $2,363,843; True Interest Cost of 3.314890%; $26,525,000 to be repaid
- From minutes
- Awarded
- Feb 2, 2026
The 30-second brief
The Town of Groton awarded its General Obligation Bonds bid to Bancroft Capital, LLC. The $28.58 million borrowing carries a 3.314890% true interest cost, includes a $2,363,843 premium, and will finance the Florence Roche project and PFAS debt.
Bancroft Capital LLC holds this financial services contract with Town of Groton. Its other public contracts on record include work for Oakland International Airport (Port of Oakland, Aviation Division) and NYC Housing Development Corporation (HDC).
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Contract details
- Contract type
- Financial Services
- Amount
- General Obligation Bonds totaling $28,580,000; premium of $2,363,843; True Interest Cost of 3.314890%; $26,525,000 to be repaid
- Document date
- February 2, 2026
- Vendor
- Bancroft Capital LLC
- Agency
- Town of Groton
- Source document
- Town of Groton Minutes Select Board / Finance Committee Meeting Minutes 2026-02-02 (Minutes)
Bancroft Capital LLC's other public contracts
More Town of Groton contracts
Questions about this contract
Who was awarded the financial services contract by Town of Groton?
Bancroft Capital LLC was awarded this financial services contract by Town of Groton, as recorded on February 2, 2026. The contract value is General Obligation Bonds totaling $28,580,000; premium of $2,363,843; True Interest Cost of 3.314890%; $26,525,000 to be repaid.
How much is the Bancroft Capital LLC contract with Town of Groton worth?
The Bancroft Capital LLC contract with Town of Groton is valued at General Obligation Bonds totaling $28,580,000; premium of $2,363,843; True Interest Cost of 3.314890%; $26,525,000 to be repaid, 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 Town of Groton Minutes Select Board / Finance Committee Meeting Minutes 2026-02-02 (Minutes), dated February 2, 2026 from Town of Groton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Bancroft Capital LLC hold?
Bancroft Capital LLC 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 Groton currently buying?
Explore Town of Groton's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.