CONTRACTAPPROVED

City of Meadville Awards Financial Services Contract to Verimore Bank (November 2025)

City of Meadville
Disclosed value
Multiple CDs including additions of $100,000 and $80,000; two new CDs for $443,888 and $34,378.41
From minutes
Approved
Nov 10, 2025

The 30-second brief

What it covers

The City of Meadville approved multiple certificate of deposit renewals and new deposits with Verimore Bank at a 4.04% special interest rate, including added funds of $100,000 and $80,000 and two new CDs totaling $478,266.41. Terms include a mix of six‑month and one‑year maturities.

Who holds it

Verimore Bank holds this financial services contract with City of Meadville. Its other public contracts on record include work for Clay County Public Water Supply District 6 and Clay County.

What happens next

Term as filed: Mix of 6‑month and 1‑year CDs at special rate.

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Contract details

Contract type
Financial Services
Amount
Multiple CDs including additions of $100,000 and $80,000; two new CDs for $443,888 and $34,378.41
Document date
November 10, 2025
Term
Mix of 6‑month and 1‑year CDs at special rate
Source document
city_of_meadville_council_meeting_minutes_november.pdf (Minutes)

Verimore Bank's other public contracts

More City of Meadville contracts

Questions about this contract

Who was awarded the financial services contract by City of Meadville?

Verimore Bank was awarded this financial services contract by City of Meadville, as recorded on November 10, 2025. The contract value is Multiple CDs including additions of $100,000 and $80,000; two new CDs for $443,888 and $34,378.41.

How much is the Verimore Bank contract with City of Meadville worth?

The Verimore Bank contract with City of Meadville is valued at Multiple CDs including additions of $100,000 and $80,000; two new CDs for $443,888 and $34,378.41, 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 city_of_meadville_council_meeting_minutes_november.pdf (Minutes), dated November 10, 2025 from City of Meadville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Verimore Bank hold?

Verimore 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 City of Meadville currently buying?

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

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