FINANCIAL_SERVICESAPPROVED

Town of Carmi Awards Financial Services Contract to First Bank (April 2026)

Carmi Township approved moving its Money Market funds from Banterra to First Bank after hearing a presentation on higher interest rates and pledged securities. The shift is expected to raise the township’s money market rate from 3.25% to 3.5%.

Status
APPROVED
Document date
April 14, 2026
Contract type
FINANCIAL_SERVICES
Vendor
First Bank
Agency
Town of Carmi · IL

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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
Board authorized a new depository relationship for Money Market funds with First Bank; specific contract term or renewal schedule was not provided.
Document type
Minutes
Source document
Carmi Township Meeting Minutes April 14, 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 Town of Carmi?

First Bank was awarded this financial services contract by Town of Carmi, as recorded on April 14, 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 Carmi Township Meeting Minutes April 14, 2026 (Minutes), dated April 14, 2026 from Town of Carmi. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First Bank hold?

First 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 Bank's profile

What is Town of Carmi currently buying?

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

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