FINANCIAL_SERVICESAPPROVED

City of Caro Awards $312,197 Financial Services Contract to Northstar Bank (January 2026)

The Caro City Council approved maintaining a $312,196.71 CDARS investment with Northstar Bank for another 52 weeks at a 3.35% interest rate. This action continues the city’s existing banking and investment relationship with the institution.

Status
APPROVED
Document date
January 5, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Northstar Bank
Agency
City of Caro · MI

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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 amount
$312,196.71
Contract type
FINANCIAL_SERVICES
Contract term
52 weeks at 3.35%
Renewal
Existing CDARS placement with Northstar Bank renewed/continued for an additional 52-week term at 3.35%. Future renewal or reinvestment will need council action upon maturity of this term.
Document type
Minutes
Source document
Caro City Council Minutes January 2026

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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 Caro?

Northstar Bank was awarded this financial services contract by City of Caro, as recorded on January 5, 2026. The contract value is $312,196.71.

How much is the Northstar Bank contract with City of Caro worth?

The Northstar Bank contract with City of Caro is valued at $312,196.71, covering financial services work.

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 Caro City Council Minutes January 2026 (Minutes), dated January 5, 2026 from City of Caro. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Northstar Bank hold?

Northstar 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 Northstar Bank's profile

What is City of Caro currently buying?

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

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