Town of Manteo Awards Financial Services Contract to 1st National Bank (October 2026)

Manteo approved 1st National Bank as its financing institution for up to $1 million toward the new Town Hall renovation. The financing term is up to 10 years, with an interest-rate ceiling of 5.22%.

Document date · October 4, 2026

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Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $1,000,000; annual interest rate not to exceed 5.22%

Contract type

FINANCIAL_SERVICES

Contract term

Not to exceed 10 years from closing

Renewal

Financing term is not to exceed 10 years from closing; no renewal option was stated.

Document type

Agenda

Source document

Town of Manteo Agenda 2026-10-07

Frequently asked questions

Common questions about this contract, answered from the record.

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

1st National Bank was awarded this financial services contract by Town of Manteo, as recorded on October 4, 2026. The contract value is Not to exceed $1,000,000; annual interest rate not to exceed 5.22%.

How much is the 1st National Bank contract with Town of Manteo worth?

The 1st National Bank contract with Town of Manteo is valued at Not to exceed $1,000,000; annual interest rate not to exceed 5.22%, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Town of Manteo Agenda 2026-10-07 (Agenda), dated October 4, 2026 from Town of Manteo. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does 1st National Bank hold?

1st 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 1st National Bank's profile

What is Town of Manteo currently buying?

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