Town of New Lebanon Awards $5,000,000 Financial Services Contract to Beacon Bank (September 2026)

The Town of New Lebanon designated Beacon Bank as a depository for town funds through the remainder of 2026. The resolution sets a maximum deposit amount of $5,000,000 for the Supervisor, Tax Collector, Town Clerk, and Town Justices, and authorizes electronic deposits and check-signing procedures.

Document date · September 8, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$5,000,000

Contract type

FINANCIAL_SERVICES

Contract term

remainder of the year 2026

Renewal date

2026-12-31

Renewal

Designated for the remainder of 2026; resolution does not state an automatic renewal clause.

Document type

Resolution

Source document

Town of New Lebanon Resolution Designation of Depositories and Fiscal Authorizations 2026-09-08

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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 New Lebanon?

Beacon Bank was awarded this financial services contract by Town of New Lebanon, as recorded on September 8, 2026. The contract value is $5,000,000.

How much is the Beacon Bank contract with Town of New Lebanon worth?

The Beacon Bank contract with Town of New Lebanon is valued at $5,000,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of New Lebanon Resolution Designation of Depositories and Fiscal Authorizations 2026-09-08 (Resolution), dated September 8, 2026 from Town of New Lebanon. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Beacon Bank hold?

Beacon 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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