FINANCIAL_SERVICESREJECTED

Southern Bancorp CD Bid Not Recommended for Award

Southern Bancorp bid a 12‑month certificate of deposit rate of 4.02% for Arkadelphia Water Utilities but was not recommended for award. Staff favored the higher‑yield offer from Citizens Bank.

Document date · November 4, 2025

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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
12 months (bid rate only)
Renewal
Bid submitted for a potential one-year CD placement; staff recommendation favored another bank, so no renewal or new placement is expected with Southern Bancorp based on this document.
Document type
Agenda
Source document
Board of Directors Meeting Agenda November 2025

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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 Arkadelphia?

Southern Bancorp was awarded this financial services contract by City of Arkadelphia, as recorded on November 4, 2025.

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 Board of Directors Meeting Agenda November 2025 (Agenda), dated November 4, 2025 from City of Arkadelphia. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Southern Bancorp hold?

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