Council to Authorize CD Withdrawals at Third Coast Bank

The Nixon City Council will consider authorizing City Administrator Darryl Becker to make annual withdrawals from a Third Coast Bank certificate of deposit as it matures, using the funds to help pay for municipal well upgrades. The CD is tied to the San Antonio Water System Mitigation Agreement dated July 12, 2010.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Annual withdrawal upon CD maturity within ten-day grace period

Renewal

Ongoing authority proposed to withdraw once annually at each maturity within the CD’s ten-day grace period; duration tied to the life of the CD and related mitigation agreement.

Document type

Agenda

Source document

Nixon City Council Agenda 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 City of Nixon city?

Third Coast Bank was awarded this financial services contract by City of Nixon city, as recorded on July 20, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Nixon City Council Agenda 2026-07-20 (Agenda), dated July 20, 2026 from City of Nixon city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Third Coast Bank hold?

Third Coast 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.

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