FINANCIAL_SERVICESAPPROVED

City of Houston Lake Awards Financial Services Contract to West Plains Bank & Trust (June 2025)

The Houston City Council authorized transferring both city certificates of deposit to West Plains Bank and Trust for 12 months at a 4.20% interest rate. The move is intended to secure higher earnings on city funds.

Status
APPROVED
Document date
June 16, 2025
Contract type
FINANCIAL_SERVICES
Vendor
West Plains Bank & Trust
Agency
City of Houston Lake · MO

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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
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IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
12 months at 4.20%
Renewal date
2026-06-16
Renewal
CDs placed in a 12-month term; renewal or reinvestment options at maturity were not specified in the minutes.
Document type
Minutes
Source document
houston-city-council-meeting-minutes-june-16-2025_abb.pdf

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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 Houston Lake?

West Plains Bank & Trust was awarded this financial services contract by City of Houston Lake, as recorded on June 16, 2025.

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 houston-city-council-meeting-minutes-june-16-2025_abb.pdf (Minutes), dated June 16, 2025 from City of Houston Lake. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does West Plains Bank & Trust hold?

West Plains 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.

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What is City of Houston Lake currently buying?

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

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