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Strafford County approves $17,980,000 tax anticipation note; Camden National Bank bid accepted at 3.992%
Summary
Officials approved a $17,980,000 tax anticipation note, accepting Camden National Bank’s 3.992% bid after a competing 4.57% offer from JPMorgan; Webster Bank declined to bid, according to the meeting transcript.
Strafford County officials approved a $17,980,000 tax anticipation note, accepting a bid from Camden National Bank at an interest rate of 3.992%, after a competing bid from JPMorgan at 4.57% and noting that Webster Bank declined to bid, according to the meeting transcript.
The discussion opened when a meeting participant announced the $17,980,000 amount and asked finance staff to proceed. A staff member said, "We received 2 bids, 1…
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