Council Declines CD Bid from Elevate Bank

Elevate Bank’s 3.79% bid for the city’s 12‑month certificates of deposit was declined in favor of a higher rate from Bank of Sedan. Three existing city CDs will be moved from Elevate Bank as part of the decision.

Document date · April 21, 2026

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

12 months bid for 7 maturing city CDs starting May 2026 (not accepted)

Renewal date

2026-05-31

Renewal

Existing CDs at Elevate Bank will be transferred to Bank of Sedan at maturity in May 2026; no renewal with Elevate Bank was approved.

Document type

Minutes

Source document

City of Sedan Council Meeting Minutes April 2026

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City of Sedan Minutes of May 5, 2026

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APPROVED

Chautauqua County Community Unified School Distric, KansasOct 13, 2025

City of Sedan Council Meeting Minutes April 2025

REJECTED

City of Sedan, KansasApr 15, 2025

City of Sedan Council Meeting Minutes November 2024

RENEWED

City of Sedan, KansasNov 19, 2024

town-of-sedan-special-meeting-minutes-april-26-2024_931.pdf

approved

Town of Sedan, KansasNAApr 26, 2024

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Sedan City Hospital?

Elevate Bank was awarded this financial services contract by Sedan City Hospital, as recorded on April 21, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Sedan Council Meeting Minutes April 2026 (Minutes), dated April 21, 2026 from Sedan City Hospital. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Elevate Bank hold?

Elevate 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 Elevate Bank's profile

What is Sedan City Hospital currently buying?

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