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Town of Stowe Awards Financial Services Contract to Union Bank (October 2026)

Town of Stowe logoTown of Stowe
Disclosed value
$1,500,000 revolving line of credit at a fixed interest rate of 4.99% per annum
From resolution
Approved
Oct 14, 2026
Renews
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The 30-second brief

What it covers

The Town of Stowe approved a one-year, $1.5 million revolving line of credit with Union Bank for the Stowe Electric Department. The facility carries a fixed 4.99% interest rate and runs from October 30, 2026, through October 29, 2027, to support current operating expenses.

Who holds it

Union Bank holds this financial services contract with Town of Stowe. Its other public contracts on record include work for Lakewood Public Schools and Town of Fairfax.

What happens next

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Contract details

Contract type
Financial Services
Amount
$1,500,000 revolving line of credit at a fixed interest rate of 4.99% per annum
Document date
October 14, 2026
Term
October 30, 2026 – October 29, 2027; one year
Renews
On record
Vendor
Union Bank
Agency
Town of Stowe
Source document
Town of Stowe Electric Department Resolution Line of Credit Renewal 2026-10-14 (Resolution)

Union Bank's other public contracts

Lakewood Public Schools, MichiganUnion Bank Handles Copier Lease and Banking Fees · Nov 7, 2026Town of Fairfax, VermontFairfax Evaluates Refinancing Loans Held by Union Bank · Nov 1, 2026UndisclosedClarksville Connected Utilities, ArkansasCCU Renews Certificates of Deposit With Union Bank · Oct 26, 2026Bennet village, NebraskaBennet Claims Union Bank Highway Bond Payment · Oct 19, 2026$6.9KAnselmo-Merna Public Schools, NebraskaBoard Approves Union Bank Payment · Oct 19, 202678.00All Union Bank contractsVendor profile

More Town of Stowe contracts

Engineering VenturesEngineering Ventures Evaluates Memorial Park Master Plan · Oct 21, 2026UndisclosedA.P. TritonStowe Uses A.P. Triton Fire Rescue Staffing Study · Oct 21, 2026UndisclosedBlue Cross Blue ShieldStowe Anticipates Blue Cross Health Insurance Increase · Oct 21, 2026Arrowwood Consulting, Wetland ScientistArrowwood Consulting Evaluates Memorial Park Improvements · Oct 21, 2026UndisclosedDufresne Group Consulting EngineersDufresne Group Supporting Depot Street Reconstruction Design · Oct 21, 2026UndisclosedAll Town of Stowe activityAgency profile

Questions about this contract

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

Union Bank was awarded this financial services contract by Town of Stowe, as recorded on October 14, 2026. The contract value is $1,500,000 revolving line of credit at a fixed interest rate of 4.99% per annum.

How much is the Union Bank contract with Town of Stowe worth?

The Union Bank contract with Town of Stowe is valued at $1,500,000 revolving line of credit at a fixed interest rate of 4.99% per annum, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of Stowe Electric Department Resolution Line of Credit Renewal 2026-10-14 (Resolution), dated October 14, 2026 from Town of Stowe. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Union Bank hold?

Union 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 Stowe currently buying?

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

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