FINANCIAL_SERVICESONGOING

City Holds $16 Million in CDARS Deposits at SpiritBank

The City of Edmond has placed $16 million of pooled investment funds into CDARS time deposits at SpiritBank with yields between 3.69% and 4.31%. These certificates provide insured, laddered maturities extending into early 2027.

Status
ONGOING
Document date
April 30, 2026
Contract type
FINANCIAL_SERVICES
Vendor
SPIRITBANK
Agency
unspecified agency · OK

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TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract amount
$16,000,000.00 (CDARS placements)
Contract type
FINANCIAL_SERVICES
Contract term
Various CD maturities; next stated maturities between June 25, 2026 and March 4, 2027
Renewal
Individual CDARS deposits will mature on scheduled dates in 2026–2027 and may be rolled into new CDs at SpiritBank or other CDARS network banks at the City’s discretion.
Document type
Report
Source document
City of Edmond Monthly Investment Report 2026-04-30

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by unspecified agency?

SPIRITBANK was awarded this financial services contract by unspecified agency, as recorded on April 30, 2026. The contract value is $16,000,000.00 (CDARS placements).

How much is the SPIRITBANK contract with unspecified agency worth?

The SPIRITBANK contract with unspecified agency is valued at $16,000,000.00 (CDARS placements), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a report record.

Where was this contract approved?

This contract appears in City of Edmond Monthly Investment Report 2026-04-30 (Report), dated April 30, 2026 from unspecified agency. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does SPIRITBANK hold?

SPIRITBANK 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 unspecified agency currently buying?

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

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