FINANCIAL_SERVICESRECOMMENDED

PNC National Bank Named Kernersville Financing Lender

Kernersville presented financing terms identifying PNC National Bank, Association as lender for up to $988,952 in Town Hall improvements and land purchases. The proposed installment financing would run no more than 10 years from closing at an estimated 5.280% interest rate, subject to Local Government Commission approval.

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
Not to exceed $988,952.00
Contract type
FINANCIAL_SERVICES
Contract term
Not to exceed 10 years from closing
Renewal
No renewal option stated; closing and execution are contingent on Local Government Commission approval.
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?

Pnc National Bank Association was awarded this financial services contract by Town of Kernersville, as recorded on September 30, 2026. The contract value is Not to exceed $988,952.00.

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

The Pnc National Bank Association contract with Town of Kernersville is valued at Not to exceed $988,952.00, 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 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 Pnc National Bank Association hold?

Pnc National Bank Association 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 Pnc National Bank Association'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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