FINANCIAL_SERVICESONGOING

City Maintains High-Yield CD With Dort Financial

The City of Davison continues a 12-month, 5.00% certificate of deposit with Dort Financial for the General Fund, maturing November 4, 2025. As of June 30, 2025, the CD balance is $289,378.05 with $12,687.09 in year-to-date interest.

Status
ONGOING
Document date
July 14, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Dort Financial
Agency
City of Davison · 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 type
FINANCIAL_SERVICES
Contract term
12 months CD from 11/4/2024 to 11/4/2025
Renewal date
2025-11-04
Renewal
CD matures on 2025-11-04; the City will decide on renewal or reinvestment at maturity.
Document type
Agenda
Source document
city_of_davison_city_council_meeting_agenda_july_1.pdf

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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 Davison?

Dort Financial was awarded this financial services contract by City of Davison, as recorded on July 14, 2025.

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_davison_city_council_meeting_agenda_july_1.pdf (Agenda), dated July 14, 2025 from City of Davison. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Dort Financial hold?

Dort Financial may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Davison currently buying?

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

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