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Newton awards infrastructure and equipment loans to Truist Bank
Newton City Council · March 1, 2026
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Summary
Newton City Council voted unanimously Jan. 5 to award municipal financing bids to Truist Bank for a 15-year infrastructure loan (up to $1,529,920 at 1.92%) and a 10-year equipment loan (up to $108,870 at 1.61%). Council adopted resolutions approving the financing terms.
Newton City Council unanimously voted Jan. 5 to award two municipal loans to Truist Bank to finance capital infrastructure and equipment.
Finance Director Vickie Thomas told the council that the city solicited proposals from seven lenders and received competitive quotes from Truist Bank and Peoples Bank.…
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