Town of Upton Awards Financial Services Contract to Hometown Bank (May 2021)
Town of UptonCity · MA- Disclosed value
- $1,700,000 at a net interest cost of 0.40%
- From minutes
- Awarded
- May 8, 2021
- Term
- May 21, 2021 – December 21, 2021
The 30-second brief
The Upton Board of Selectmen awarded $1,700,000 in Bond Anticipation Notes to Hometown Bank at a net interest cost of 0.40% for the period May 21, 2021 through December 21, 2021. The action provides short-term financing for the town’s obligations.
Hometown Bank holds this financial services contract with Town of Upton. Its other public contracts on record include work for Bird Island-Olivia-Lake Lillian Public School Dist and Town of Young America.
Term as filed: May 21, 2021 – December 21, 2021.
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Contract details
- Contract type
- Financial Services
- Amount
- $1,700,000 at a net interest cost of 0.40%
- Document date
- May 8, 2021
- Term
- May 21, 2021 – December 21, 2021
- Vendor
- Hometown Bank
- Agency
- Town of Upton
- Source document
- board_of_selectmen_meeting_minutes_may_8_2021.pdf (Minutes)
Hometown Bank's other public contracts
More Town of Upton contracts
Questions about this contract
Who was awarded the financial services contract by Town of Upton?
Hometown Bank was awarded this financial services contract by Town of Upton, as recorded on May 8, 2021. The contract value is $1,700,000 at a net interest cost of 0.40%.
How much is the Hometown Bank contract with Town of Upton worth?
The Hometown Bank contract with Town of Upton is valued at $1,700,000 at a net interest cost of 0.40%, 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 board_of_selectmen_meeting_minutes_may_8_2021.pdf (Minutes), dated May 8, 2021 from Town of Upton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Hometown Bank hold?
Hometown 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 Upton currently buying?
Explore Town of Upton's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.