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FINANCIAL_SERVICESONGOING

Tappahannock Reviews United Bank Loan Refinancing Risks

Tappahannock reviewed its ongoing United Bank loan and the risks associated with an interest-rate reset in early 2027. The loan includes an approximately $500,000 balloon payment due in fiscal year 2032.

Document date · October 13, 2026

Issuing agencyTown of TappahannockVendorUnited Bank

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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
Existing 2021 loan; interest rate scheduled to reset in early 2027; balloon payment due in FY 2032
Renewal date
2027-01-01
Renewal
Interest rate scheduled to reset in early 2027; refinancing alternatives were discussed but not approved.
Document type
AgendaPacket
Source document
Town of Tappahannock AgendaPacket Town Council Meeting 2026-10-13

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Frequently asked questions

Common questions about this contract, answered from the record.

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 October 13, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of Tappahannock AgendaPacket Town Council Meeting 2026-10-13 (AgendaPacket), dated October 13, 2026 from Town of Tappahannock. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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.

View United Bank's profile

What is Town of Tappahannock currently buying?

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