FINANCIAL_SERVICESAPPROVED

City of Marshall Awards Financial Services Contract to First State Community Bank (July 2026)

The City of Marshall approved a lease-purchase financing with First State Community Bank as lessor to fund construction of a new administration building and shop. The agreement caps principal payments at $7,126,126 with interest at 5.00% per annum over a term not to exceed 10 years and one month.

Status
APPROVED
Document date
July 6, 2026
Contract type
FINANCIAL_SERVICES
Vendor
First State Community Bank
Agency
City of Marshall · MO

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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
Base Rentals with aggregate principal components not to exceed $7,126,126 plus interest at 5.00% per annum
Contract type
FINANCIAL_SERVICES
Contract term
Base Lease term not to exceed 20 years; Lease term not to exceed 10 years and one month
Renewal
Lease-purchase agreement term not to exceed 10 years and one month with principal cap of $7,126,126; Base Lease term not to exceed 20 years. No explicit renewal options stated.
Document type
AgendaPacket
Source document
City of Marshall AgendaPacket July 7, 2026

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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 Marshall?

First State Community Bank was awarded this financial services contract by City of Marshall, as recorded on July 6, 2026. The contract value is Base Rentals with aggregate principal components not to exceed $7,126,126 plus interest at 5.00% per annum.

How much is the First State Community Bank contract with City of Marshall worth?

The First State Community Bank contract with City of Marshall is valued at Base Rentals with aggregate principal components not to exceed $7,126,126 plus interest at 5.00% per annum, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Marshall AgendaPacket July 7, 2026 (AgendaPacket), dated July 6, 2026 from City of Marshall. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First State Community Bank hold?

First State Community 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 First State Community Bank's profile

What is City of Marshall currently buying?

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

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