FINANCIAL_SERVICESONGOING

City Invests $11M in CDs at People’s Bank and Trust

Newton has invested $11 million in four 365-day fixed-rate certificates of deposit with People’s Bank and Trust at 3.90% interest, with maturities in September 2026 and June 2027. These investments are part of the City’s diversified cash and investment portfolio.

Status
ONGOING
Document date
July 28, 2026
Contract type
FINANCIAL_SERVICES
Vendor
People's Bank and Trust
Agency
City of Newton · KS

Trusted by teams at

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
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
$11,000,000.00
Contract type
FINANCIAL_SERVICES
Contract term
Two CDs purchased 9/18/2025 maturing 09/18/2026; two CDs purchased 6/15/2026 maturing 06/15/2027; all at 3.90%
Renewal date
2027-06-15
Renewal
Upon maturity on 2026-09-18 and 2027-06-15, the City may renew or reallocate these CD investments based on prevailing rates and cash needs.
Document type
AgendaPacket
Source document
City of Newton Agenda Packet 2026-07-28

Related contracts

Other contracts from People's Bank and Trust.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

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

People's Bank and Trust was awarded this financial services contract by City of Newton, as recorded on July 28, 2026. The contract value is $11,000,000.00.

How much is the People's Bank and Trust contract with City of Newton worth?

The People's Bank and Trust contract with City of Newton is valued at $11,000,000.00, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Newton Agenda Packet 2026-07-28 (AgendaPacket), dated July 28, 2026 from City of Newton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does People's Bank and Trust hold?

People's Bank and Trust 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 People's Bank and Trust's profile

What is City of Newton currently buying?

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

View City of Newton's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free