FINANCIAL_SERVICESAPPROVED

Town of Freedom Awards $2,341,121 Financial Services Contract to Five Star Bank (January 2026)

The Town of Freedom Board approved transferring $2,341,121.27 in unspent mortgage tax funds into a seven-month certificate of deposit with Five Star Bank. The action is intended to safely invest idle funds while earning interest.

Status
APPROVED
Document date
January 19, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Five Star Bank
Agency
Town of Freedom · NY

Trusted by teams at

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
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
$2,341,121.27
Contract type
FINANCIAL_SERVICES
Contract term
Seven-month certificate of deposit
Renewal
Single seven-month CD placement; any renewal or rollover would require future board action or bank instructions not specified here.
Document type
Minutes
Source document
Town of Freedom Regular Board Meeting Minutes 2026-01-19

Related contracts

Other contracts from Five Star Bank.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

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

Five Star Bank was awarded this financial services contract by Town of Freedom, as recorded on January 19, 2026. The contract value is $2,341,121.27.

How much is the Five Star Bank contract with Town of Freedom worth?

The Five Star Bank contract with Town of Freedom is valued at $2,341,121.27, 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 Town of Freedom Regular Board Meeting Minutes 2026-01-19 (Minutes), dated January 19, 2026 from Town of Freedom. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Five Star Bank hold?

Five Star 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 Five Star Bank's profile

What is Town of Freedom currently buying?

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

View Town of Freedom's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free