FINANCIAL_SERVICESAWARDED

Town of Knightdale Awards Financial Services Contract to Pinnacle Bank (October 2026)

Knightdale awarded its debt financing bid to Pinnacle Bank in March 2026 after issuing an RFP in spring 2026. The financing supports the acquisition of real property, fire engines, and related apparatus, with a total principal amount of up to $9.495 million.

Document date · October 5, 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 $9,495,000
Contract type
FINANCIAL_SERVICES
Contract term
Financing terms later documented as 10 years for equipment and 20 years for real property acquisition; final payment date October 1, 2046
Renewal date
2046-10-01
Renewal
The related financing contract allows extensions, renewals, modifications, and amendments under its terms. The Town and Pinnacle Bank later renegotiated the financing terms after the award.
Document type
AgendaPacket
Source document
Town of Knightdale AgendaPacket Work Session Agenda 2026-10-05

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Frequently asked questions

Common questions about this contract, answered from the record.

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

Pinnacle Bank was awarded this financial services contract by Town of Knightdale, as recorded on October 5, 2026. The contract value is Not to exceed $9,495,000.

How much is the Pinnacle Bank contract with Town of Knightdale worth?

The Pinnacle Bank contract with Town of Knightdale is valued at Not to exceed $9,495,000, 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 Knightdale AgendaPacket Work Session Agenda 2026-10-05 (AgendaPacket), dated October 5, 2026 from Town of Knightdale. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Pinnacle Bank hold?

Pinnacle 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.

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What is Town of Knightdale currently buying?

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

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