FINANCIAL_SERVICESONGOING

SOCWA Maintains Primary Checking With Mercantile Bank

The Southeastern Oakland County Water Authority uses a Mercantile checking account for its day-to-day banking, with a $250,000 insured balance as of June 30, 2025. A resolution seeks continued approval of Mercantile as an authorized depository under the Authority’s Investment Policy.

Status
ONGOING
Document date
July 9, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Mercantile – Checking
Agency
Southeastern Oakland County Water Authority · MI

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TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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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

Scope & details

The full contract record, as filed.

Contract amount
$250,000 balance as of 6/30/25
Contract type
FINANCIAL_SERVICES
Renewal
Ongoing primary operating account; relationship was shifted from Flagstar to Mercantile in 2024. Board resolution proposes continued authorization of Mercantile for surplus and operating funds.
Document type
AgendaPacket
Source document
Southeastern Oakland County Water Authority Organization Meeting Agenda Packet July 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 Southeastern Oakland County Water Authority?

Mercantile – Checking was awarded this financial services contract by Southeastern Oakland County Water Authority, as recorded on July 9, 2025. The contract value is $250,000 balance as of 6/30/25.

How much is the Mercantile – Checking contract with Southeastern Oakland County Water Authority worth?

The Mercantile – Checking contract with Southeastern Oakland County Water Authority is valued at $250,000 balance as of 6/30/25, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Southeastern Oakland County Water Authority Organization Meeting Agenda Packet July 2025 (AgendaPacket), dated July 9, 2025 from Southeastern Oakland County Water Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Mercantile – Checking hold?

Mercantile – Checking 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 Southeastern Oakland County Water Authority currently buying?

Explore Southeastern Oakland County Water Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Southeastern Oakland County Water Authority's profile

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