Civic IQ
FINANCIAL_SERVICESDISCussed

City Discusses Rollover of CD at Local Bank

The City of Evart discussed reinvesting a matured certificate of deposit at Lake-Osceola State Bank, rolling over the FDIC-insured $250,000 principal into a new CD. Accrued interest would be deposited into MI Class accounts across several city funds.

Document date · October 20, 2025

Issuing agencyTown of EvartVendorLake-osceola State Bank

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TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract amount
$250,000 FDIC insured amount (principal rollover only)
Contract type
FINANCIAL_SERVICES
Renewal
Existing certificate of deposit at Lake-Osceola State Bank to be rolled over with principal maintained at FDIC-insured $250,000, while interest is transferred to MI Class accounts.
Document type
Minutes
Source document
city-of-evart-work-session-minutes-october-20-2025_6ce.pdf

Related contracts

Other contracts from Lake-osceola State Bank.

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City of Evart Minutes Regular Council Meeting September 8, 2026
APPROVED
Town of Evart, Michigan$250,000Sep 8, 2026
Pine River Area Schools Board of Education Organizational Meeting Minutes January 2026
APPROVED
Pine River Area Schools, MichiganJan 12, 2026
pine_river_area_schools_board_of_education_minutes.pdf
APPROVED
Pine River Area Schools, MichiganNov 11, 2025
city-of-evart-council-meeting-minutes-october-20-2025_d88.pdf
APPROVED
Town of Evart, Michigan$250,000 (principal rollover) plus $8,688.19 interestOct 20, 2025
Elk Township Minutes Regular Board Meeting 2025-02-11
APPROVED
Town of Elk, MichiganFull account balance of Certificate of Deposit account #100001522 (amount not specified)Feb 11, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Evart?

Lake-osceola State Bank was awarded this financial services contract by Town of Evart, as recorded on October 20, 2025. The contract value is $250,000 FDIC insured amount (principal rollover only).

How much is the Lake-osceola State Bank contract with Town of Evart worth?

The Lake-osceola State Bank contract with Town of Evart is valued at $250,000 FDIC insured amount (principal rollover only), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in city-of-evart-work-session-minutes-october-20-2025_6ce.pdf (Minutes), dated October 20, 2025 from Town of Evart. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Lake-osceola State Bank hold?

Lake-osceola State 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.

View Lake-osceola State Bank's profile

What is Town of Evart currently buying?

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

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