FINANCIAL_SERVICESONGOING

TIFA money market maintained at Southern Michigan Bank

The City of Litchfield TIFA maintains a money market deposit account with Southern Michigan Bank, reporting a balance of $267,332.38 as of May 31, 2026 at a 3.15% interest rate. This reflects ongoing banking and investment services for TIFA funds.

Status
ONGOING
Document date
June 10, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Southern Michigan Bank
Agency
Town of Litchfield · MI

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 type
FINANCIAL_SERVICES
Contract term
05/01/26 through 05/31/26 @ 3.15%
Renewal
Standard depository money market account continuing on an ongoing basis with monthly interest.
Document type
Agenda
Source document
City of Litchfield TIFA Regular Meeting Agenda 2026-06-10

Related contracts

Other contracts from Southern Michigan 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 Litchfield?

Southern Michigan Bank was awarded this financial services contract by Town of Litchfield, as recorded on June 10, 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 City of Litchfield TIFA Regular Meeting Agenda 2026-06-10 (Agenda), dated June 10, 2026 from Town of Litchfield. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Southern Michigan Bank hold?

Southern Michigan 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 Southern Michigan Bank's profile

What is Town of Litchfield currently buying?

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

View Town of Litchfield'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