CONTRACTEXTENDED

Martinsburg Extends Banking Contract with Jefferson Security Bank

Disclosed value: Interest earnings at 47% of Prime Rate (currently 4.00%); From meeting minutes
Document date: Apr 11, 2024
Term: Extension until July 1, 2026

What it covers

City Council approved a two-year extension of the banking services contract with Jefferson Security Bank at improved interest terms through July 1, 2026.

Who holds it

Jefferson Security Bank holds this financial services contract with City of Martinsburg.

What happens next

Term as filed: Extension until July 1, 2026.

See who signed off on this contract.

See who signed off

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Contract details

Contract type: Financial Services
Amount: Interest earnings at 47% of Prime Rate (currently 4.00%)
Document date: April 11, 2024
Term: Extension until July 1, 2026
Vendor: Jefferson Security Bank
Agency: City of Martinsburg
Source document: city-of-martinsburg-meeting-minutes-2024-04-11_df7.pdf (Meeting Minutes)

Jefferson Security Bank's other public contracts

City of Martinsburg, West VirginiaCity Weighs Renewal of Jefferson Security Bank Deposits · May 7, 2026Undisclosed City of Martinsburg, West VirginiaCouncil Weighs Renewal of Jefferson Security Bank Accounts · May 7, 2026Undisclosed City of Martinsburg, West VirginiaCity Renews Deposit Accounts With Jefferson Security Bank · May 7, 2026Undisclosed City of Martinsburg, West VirginiaCouncil Weighs BUILD Grant Credit Line With Jefferson Security · Apr 9, 2026Undisclosed City of Martinsburg, West VirginiaCity Approves BUILD Grant Line of Credit with Jefferson Security Bank · Apr 9, 2026Undisclosed All Jefferson Security Bank contractsVendor profile

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Questions about this contract

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

Jefferson Security Bank was awarded this financial services contract by City of Martinsburg, as recorded on April 11, 2024. The contract value is Interest earnings at 47% of Prime Rate (currently 4.00%).

How much is the Jefferson Security Bank contract with City of Martinsburg worth?

The Jefferson Security Bank contract with City of Martinsburg is valued at Interest earnings at 47% of Prime Rate (currently 4.00%), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a meeting minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in city-of-martinsburg-meeting-minutes-2024-04-11_df7.pdf (Meeting Minutes), dated April 11, 2024 from City of Martinsburg. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Jefferson Security Bank hold?

Jefferson Security 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 Martinsburg currently buying?

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

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