FINANCIAL_SERVICESREJECTED

Webster Bank’s Loan Bid Not Advanced By Town

Webster Bank responded to South Hill’s RFP with 15- and 20-year loan proposals featuring flexible prepayment, but it was not selected. The Town’s advisor recommended a competing 20-year loan from Atlantic Union as the preferred financing option.

Status
REJECTED
Document date
August 10, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Webster Bank
Agency
Town of South Hill · VA

Trusted by teams at

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
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 type
FINANCIAL_SERVICES
Contract term
15- or 20-year options proposed; 20-year prepayable with step-down premiums and no penalty after 7/31/2032
Renewal
Proposal only; no executed loan or renewal terms apply at this time.
Document type
Agenda
Source document
South Hill Town Council Agenda 2026-08-10

Related contracts

Other contracts from Webster Bank.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

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

Webster Bank was awarded this financial services contract by Town of South Hill, as recorded on August 10, 2026.

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.

What other contracts does Webster Bank hold?

Webster 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 Webster Bank's 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.

View Town of South Hill's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free