Township of Commercial Awards Financial Services Contract to Newfield Bank (April 2025)
Township of CommercialCity · Port Norris, NJ- Disclosed value
- $248,900.00 at 4.00% interest
- From minutes
- Awarded
- Apr 17, 2025
The 30-second brief
Commercial Township awarded a $248,900 bond anticipation note to Newfield Bank at a 4.00 percent interest rate. The renewed note is due April 15, 2026 and provides short-term financing for township capital needs.
Newfield Bank holds this financial services contract with Township of Commercial. Its other public contracts on record include work for Millville Elementary.
Term as filed: Due April 15, 2026 (note issued/renewed April 17, 2025).
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Contract details
- Contract type
- Financial Services
- Amount
- $248,900.00 at 4.00% interest
- Document date
- April 17, 2025
- Term
- Due April 15, 2026 (note issued/renewed April 17, 2025)
- Vendor
- Newfield Bank
- Agency
- Township of Commercial
- Source document
- commercial_township_committee_meeting_minutes_apri.pdf (Minutes)
Newfield Bank's other public contracts
More Township of Commercial contracts
Questions about this contract
Who was awarded the financial services contract by Township of Commercial?
Newfield Bank was awarded this financial services contract by Township of Commercial, as recorded on April 17, 2025. The contract value is $248,900.00 at 4.00% interest.
How much is the Newfield Bank contract with Township of Commercial worth?
The Newfield Bank contract with Township of Commercial is valued at $248,900.00 at 4.00% interest, 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 commercial_township_committee_meeting_minutes_apri.pdf (Minutes), dated April 17, 2025 from Township of Commercial. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Newfield Bank hold?
Newfield 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 Township of Commercial currently buying?
Explore Township of Commercial's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.