FINANCIAL_SERVICESONGOING

Edmond Holds $16M in SpiritBank CDARS Deposits

The City of Edmond holds $16 million in CDARS time deposits through SpiritBank at rates between approximately 3.69% and 4.31%, with maturities extending into 2027. These deposits diversify the City’s pooled investment portfolio while maintaining FDIC-backed safety.

Status
ONGOING
Document date
April 16, 2026
Contract type
FINANCIAL_SERVICES
Vendor
SPIRITBANK
Agency
City of Edmond · OK

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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
$16,000,000.00 (CDARS principal outstanding)
Contract type
FINANCIAL_SERVICES
Contract term
Various CDARS maturities through 2027
Renewal
CDARS deposits renew or mature on scheduled dates; future reinvestment decisions will occur at each maturity from 2026–2027.
Document type
Agenda
Source document
City of Edmond Finance/Audit Committee Regular Meeting Agenda April 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

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

SPIRITBANK was awarded this financial services contract by City of Edmond, as recorded on April 16, 2026. The contract value is $16,000,000.00 (CDARS principal outstanding).

How much is the SPIRITBANK contract with City of Edmond worth?

The SPIRITBANK contract with City of Edmond is valued at $16,000,000.00 (CDARS principal outstanding), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Edmond Finance/Audit Committee Regular Meeting Agenda April 2026 (Agenda), dated April 16, 2026 from City of Edmond. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does SPIRITBANK hold?

SPIRITBANK 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 SPIRITBANK's profile

What is City of Edmond currently buying?

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

View City of Edmond's profile

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