Town Reviews United Bank Loan Ahead Of Rate Reset
Town of TappahannockCity · VA- Disclosed value
- Existing loan payoff expected to be approximately $704,000 by January or February 2027; approximately $500,000 balloon payment due in FY 2032
- From minutes
- Document date
- Sep 14, 2026
- Renews
- Free account
The 30-second brief
The Town Council reviewed its ongoing 2021 loan with United Bank ahead of an expected interest-rate reset in early 2027. The loan has an anticipated payoff of about $704,000 in early 2027 and a roughly $500,000 balloon payment due in fiscal year 2032.
United Bank holds this financial services contract with Town of Tappahannock. Its other public contracts on record include work for Kanawha County and Henika District Library.
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Contract details
- Contract type
- Financial Services
- Amount
- Existing loan payoff expected to be approximately $704,000 by January or February 2027; approximately $500,000 balloon payment due in FY 2032
- Document date
- September 14, 2026
- Term
- Existing 2021 loan; interest rate scheduled to reset in early 2027
- Renews
- On record
- Vendor
- United Bank
- Agency
- Town of Tappahannock
- Source document
- Town of Tappahannock Minutes Public Hearing 2026-09-14 (Minutes)
United Bank's other public contracts
More Town of Tappahannock contracts
Questions about this contract
Who was awarded the financial services contract by Town of Tappahannock?
United Bank was awarded this financial services contract by Town of Tappahannock, as recorded on September 14, 2026. The contract value is Existing loan payoff expected to be approximately $704,000 by January or February 2027; approximately $500,000 balloon payment due in FY 2032.
How much is the United Bank contract with Town of Tappahannock worth?
The United Bank contract with Town of Tappahannock is valued at Existing loan payoff expected to be approximately $704,000 by January or February 2027; approximately $500,000 balloon payment due in FY 2032, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Town of Tappahannock Minutes Public Hearing 2026-09-14 (Minutes), dated September 14, 2026 from Town of Tappahannock. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does United Bank hold?
United 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 Tappahannock currently buying?
Explore Town of Tappahannock's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
