FINANCIAL_SERVICESAWARDED

Town of Vinton Awards Financial Services Contract to Bank of Botetourt (September 2026)

The Town of Vinton selected Bank of Botetourt to provide up to $2.5 million in general obligation bond financing for the Vinton War Memorial renovation. The bond carries a fixed 5.09% rate over 20 years, with estimated annual payments of $215,000 and no early payoff penalty.

Document date · September 1, 2026

Track Town of Vinton contracts

Get alerts when new contracts are awarded or existing ones approach renewal at Town of Vinton.

Get started free

Create a free account · no credit card

Trusted by 200+ enterprise customers and 1,000+ teams on the free plan

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
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 amount
Principal amount not to exceed $2,500,000; fixed interest rate of 5.09%; estimated annual payment of $215,000
Contract type
FINANCIAL_SERVICES
Contract term
20 years
Renewal date
2046-09-01
Renewal
20-year bond term with no early payoff penalty; the Town may refinance or retire the bond before maturity.
Document type
Agenda
Source document
Town of Vinton Agenda 2026-09-01

Related contracts

Other contracts from Bank of Botetourt.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

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

Bank of Botetourt was awarded this financial services contract by Town of Vinton, as recorded on September 1, 2026. The contract value is Principal amount not to exceed $2,500,000; fixed interest rate of 5.09%; estimated annual payment of $215,000.

How much is the Bank of Botetourt contract with Town of Vinton worth?

The Bank of Botetourt contract with Town of Vinton is valued at Principal amount not to exceed $2,500,000; fixed interest rate of 5.09%; estimated annual payment of $215,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of Vinton Agenda 2026-09-01 (Agenda), dated September 1, 2026 from Town of Vinton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bank of Botetourt hold?

Bank of Botetourt 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 Bank of Botetourt's profile

What is Town of Vinton currently buying?

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

View Town of Vinton's profile