FINANCIAL_SERVICESONGOING

Southern Michigan Bank Backs $400K DDA Loan Pool

Southern Michigan Bank & Trust contributed $400,000 to the Coldwater DDA’s low-interest loan pool to support façade and structural improvements in the downtown. The program provides loans up to $100,000 per project at 1% below prime for five years.

Status
ONGOING
Document date
June 23, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Southern Michigan Bank & Trust
Agency
City of Coldwater · 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
$400,000
Contract type
FINANCIAL_SERVICES
Contract term
Loan pool capital contribution; individual loans up to 5 years
Renewal
Contribution supports an ongoing loan pool; individual loans may extend up to five years, with possible waivers of the $100,000 maximum subject to Review Committee and bank approval.
Document type
AgendaPacket
Source document
City of Coldwater Downtown Development Authority Agenda Packet 2026-06-24

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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 Coldwater?

Southern Michigan Bank & Trust was awarded this financial services contract by City of Coldwater, as recorded on June 23, 2026. The contract value is $400,000.

How much is the Southern Michigan Bank & Trust contract with City of Coldwater worth?

The Southern Michigan Bank & Trust contract with City of Coldwater is valued at $400,000, 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 Coldwater Downtown Development Authority Agenda Packet 2026-06-24 (AgendaPacket), dated June 23, 2026 from City of Coldwater. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Southern Michigan Bank & Trust hold?

Southern Michigan Bank & 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 Southern Michigan Bank & Trust's profile

What is City of Coldwater currently buying?

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

View City of Coldwater's profile

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