Investment

Caro investment of $1.1M maturing at Independent Bank

The City of Caro has an investment maturing on 11/13/2025 at Independent Bank with a current balance of $1,096,784.16. Treasurer Ries recommends keeping the CD at Independent Bank for 3.40%.

Document date
November 3, 2025
Contract type
Investment
Vendor
Independent Bank
Agency
City of Caro · MI

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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
$1,096,784.16
Contract type
Investment
Contract term
26 weeks
Document type
Agenda
Source document
city-of-caro-city-council-meeting-agenda-november-3-2025_dc2.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the investment contract by City of Caro?

Independent Bank was awarded this investment contract by City of Caro, as recorded on November 3, 2025. The contract value is $1,096,784.16.

How much is the Independent Bank contract with City of Caro worth?

The Independent Bank contract with City of Caro is valued at $1,096,784.16, covering investment work.

What type of contract is this?

This is a Investment contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-caro-city-council-meeting-agenda-november-3-2025_dc2.pdf (Agenda), dated November 3, 2025 from City of Caro. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Independent Bank hold?

Independent 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.

View Independent Bank's profile

What is City of Caro currently buying?

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

View City of Caro's profile

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