CONTRACTRECOMMENDED

Atlantic Union Recommended For $24M Town Loan

Disclosed value: Up to $24,019,000 (par amount for 20-year proposal); From agenda
Document date: Aug 10, 2026
Renews: Mar 2027; Free account

What it covers

South Hill’s financial advisor and staff recommend awarding a 20-year direct bank loan of approximately $24 million to Atlantic Union Public Finance to fund multiple capital projects. The Atlantic Union proposal offers a 4.589% interest rate and allows prepayment at any time without penalty.

Who holds it

Atlantic Union Public Finance holds this financial services contract with Town of South Hill. Its other public contracts on record include work for City of Mebane and Caroline County.

What happens next

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Contract details

Contract type: Financial Services
Amount: Up to $24,019,000 (par amount for 20-year proposal)
Document date: August 10, 2026
Term: Approximately 20 years (final maturity 8/1/2046; closing targeted by 9/30/2026)
Renews: On record
Vendor: Atlantic Union Public Finance
Agency: Town of South Hill
Source document: South Hill Town Council Agenda 2026-08-10 (Agenda)

Atlantic Union Public Finance's other public contracts

City of Mebane, North CarolinaMebane Approves Atlantic Union Vehicle Financing · Oct 20, 2026 Caroline County, VirginiaAtlantic Union Public Finance Selected For Lease · Oct 14, 2025 City of Lumberton, North CarolinaAtlantic Union Public Finance for AMI project · Jun 9, 2025Undisclosed City of Lumberton, North CarolinaLumberton considers $7.46M AUPF for metering infrastructure · Jun 9, 2025$7.5M City of Lumberton, North CarolinaAtlantic Union Public Finance selected for AMI Project · Jun 9, 2025Undisclosed All Atlantic Union Public Finance contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by Town of South Hill?

Atlantic Union Public Finance was awarded this financial services contract by Town of South Hill, as recorded on August 10, 2026. The contract value is Up to $24,019,000 (par amount for 20-year proposal).

How much is the Atlantic Union Public Finance contract with Town of South Hill worth?

The Atlantic Union Public Finance contract with Town of South Hill is valued at Up to $24,019,000 (par amount for 20-year proposal), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in South Hill Town Council Agenda 2026-08-10 (Agenda), dated August 10, 2026 from Town of South Hill. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Atlantic Union Public Finance hold?

Atlantic Union Public Finance may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Town of South Hill currently buying?

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

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