Town of Stamford Awards Financial Services Contract to Berkshire Bank (June 2025)
Town of StamfordCity · VT- Disclosed value
- $300,000.00 at 4.25% per annum interest
- From minutes
- Approved
- Jun 5, 2025
The 30-second brief
The Stamford Select Board approved a $300,000 tax anticipation note from Berkshire Bank at 4.25% annual interest, to be repaid in full in November 2025 when taxes are due. The board authorized the chair to sign the promissory note to complete the loan process.
Berkshire Bank holds this financial services contract with Town of Stamford. Its other public contracts on record include work for Westfield State University and Hudson City School District.
Term as filed: To be paid in full in November 2025 when taxes are due.
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Contract details
- Contract type
- Financial Services
- Amount
- $300,000.00 at 4.25% per annum interest
- Document date
- June 5, 2025
- Term
- To be paid in full in November 2025 when taxes are due
- Vendor
- Berkshire Bank
- Agency
- Town of Stamford
- Source document
- town-of-stamford-select-board-minutes-road-projects-solid-waste-update-jun-5-2025_a4f.md (Minutes)
Berkshire Bank's other public contracts
More Town of Stamford contracts
Questions about this contract
Who was awarded the financial services contract by Town of Stamford?
Berkshire Bank was awarded this financial services contract by Town of Stamford, as recorded on June 5, 2025. The contract value is $300,000.00 at 4.25% per annum interest.
How much is the Berkshire Bank contract with Town of Stamford worth?
The Berkshire Bank contract with Town of Stamford is valued at $300,000.00 at 4.25% per annum interest, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in town-of-stamford-select-board-minutes-road-projects-solid-waste-update-jun-5-2025_a4f.md (Minutes), dated June 5, 2025 from Town of Stamford. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Berkshire Bank hold?
Berkshire 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.
What is Town of Stamford currently buying?
Explore Town of Stamford's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.