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FINANCIAL_SERVICESAPPROVED

Town of Valdese Awards $10,830,000 Financial Services Contract to Webster Bank (August 2026)

Valdese Town Council approved a $10.83 million financing contract with Webster Bank for the Public Safety Building. The 15-year loan carries a fixed 4.265% interest rate, allows certain additional principal payments, and was scheduled to close on August 11, 2026.

Document date · August 3, 2026

Issuing agencyTown of ValdeseVendorWebster Bank

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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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
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Scope & details

The full contract record, as filed.

Contract amount
$10,830,000
Contract type
FINANCIAL_SERVICES
Contract term
15 years at a fixed 4.265% interest rate; loan closing anticipated August 11, 2026
Renewal date
2041-08-11
Renewal
15-year financing term; additional principal payments and future refinancing are permitted under the proposal. No renewal option stated.
Document type
Minutes
Source document
Town of Valdese Minutes Town Council Regular Meeting August 3, 2026

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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 Valdese?

Webster Bank was awarded this financial services contract by Town of Valdese, as recorded on August 3, 2026. The contract value is $10,830,000.

How much is the Webster Bank contract with Town of Valdese worth?

The Webster Bank contract with Town of Valdese is valued at $10,830,000, 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 Valdese Minutes Town Council Regular Meeting August 3, 2026 (Minutes), dated August 3, 2026 from Town of Valdese. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Webster Bank hold?

Webster 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 Webster Bank's profile

What is Town of Valdese currently buying?

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

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