CONTRACTAPPROVED

City of Clear Lake Awards Financial Services Contract to Clear Lake Bank & Trust (May 2026)

Disclosed value: Maximum Deposit $25,000,000.00; From agenda
Approved: May 4, 2026

What it covers

The Clear Lake City Council, via Resolution #26-23, authorizes Clear Lake Bank & Trust as an approved depository for up to $25 million in city funds. This action designates the bank for holding and investing municipal deposits.

Who holds it

Clear Lake Bank & Trust holds this financial services contract with City of Clear Lake. Its other public contracts on record include work for City of Garner and Garner-Hayfield-Ventura Community School District.

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Contract details

Contract type: Financial Services
Amount: Maximum Deposit $25,000,000.00
Document date: May 4, 2026
Vendor: Clear Lake Bank & Trust
Agency: City of Clear Lake
Source document: Clear Lake City Council Meeting Agenda May 4 2026 (Agenda)

Clear Lake Bank & Trust's other public contracts

City of Garner, IowaCity Considers Allocating Funds to Clear Lake Bank & Trust · Mar 10, 2026Undisclosed Garner-Hayfield-Ventura Community School District, IowaClear Lake Bank & Trust Named Official Depository · Nov 24, 2025 City of Meservey, IowaCouncil Approves Office Supply Payment via Clear Lake Bank & Trust · Sep 8, 2025$304.7 City of Meservey, IowaCouncil approves Clear Lake Bank & Trust payment · Aug 11, 2025$531.2 City of Meservey, IowaPayment to Clear Lake Bank & Trust for Software and FD Equipment · Jul 14, 2025$571.7

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Questions about this contract

Who was awarded the financial services contract by City of Clear Lake?

Clear Lake Bank & Trust was awarded this financial services contract by City of Clear Lake, as recorded on May 4, 2026. The contract value is Maximum Deposit $25,000,000.00.

How much is the Clear Lake Bank & Trust contract with City of Clear Lake worth?

The Clear Lake Bank & Trust contract with City of Clear Lake is valued at Maximum Deposit $25,000,000.00, 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 Clear Lake City Council Meeting Agenda May 4 2026 (Agenda), dated May 4, 2026 from City of Clear Lake. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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