FINANCIAL_SERVICESDISCUSSED

Kernersville Considers First National Bank Loan

Kernersville considered First National Bank's financing proposal for its general improvements and land purchases. The $988,952 proposal showed a 6.001% interest rate and total loan cost of $1,287,335.58 over the requested 10-year term.

Document date · September 30, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$988,952 loan; $1,287,335.58 total loan cost; $0 loan fees
Contract type
FINANCIAL_SERVICES
Contract term
10 years requested
Renewal
No renewal option stated; no contract award recommended to this lender.
Document type
AgendaPacket
Source document
Town of Kernersville AgendaPacket Board of Aldermen Meeting September 30, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

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

First National Bank was awarded this financial services contract by Town of Kernersville, as recorded on September 30, 2026. The contract value is $988,952 loan; $1,287,335.58 total loan cost; $0 loan fees.

How much is the First National Bank contract with Town of Kernersville worth?

The First National Bank contract with Town of Kernersville is valued at $988,952 loan; $1,287,335.58 total loan cost; $0 loan fees, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of Kernersville AgendaPacket Board of Aldermen Meeting September 30, 2026 (AgendaPacket), dated September 30, 2026 from Town of Kernersville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First National Bank hold?

First National 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 First National Bank's profile

What is Town of Kernersville currently buying?

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

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