FINANCIAL_SERVICESONGOING

Town Retains M&T Bank At Higher Interest Rate

M&T Bank raised the interest rate on Grand Isle’s general checking account to 2.35% after the town solicited competing bids, and the Treasurer recommended staying with M&T as the primary general fund bank. The higher rate was put into effect immediately without changing institutions.

Status
ONGOING
Document date
July 20, 2026
Contract type
FINANCIAL_SERVICES
Vendor
M&t Bank
Agency
Town of Grand Isle · VT

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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 type
FINANCIAL_SERVICES
Renewal
Banking relationship effectively renewed by decision to remain with M&T Bank at a new 2.35% rate; no formal term or expiration date discussed.
Document type
Minutes
Source document
Grand Isle Selectboard Meeting Minutes 2026-07-20

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Grand Isle?

M&t Bank was awarded this financial services contract by Town of Grand Isle, as recorded on July 20, 2026.

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 Grand Isle Selectboard Meeting Minutes 2026-07-20 (Minutes), dated July 20, 2026 from Town of Grand Isle. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does M&t Bank hold?

M&t 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 M&t Bank's profile

What is Town of Grand Isle currently buying?

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

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