FINANCIAL_SERVICESONGOING

SOCWA Retains Mercantile as Primary Checking Bank

The Southeastern Oakland County Water Authority maintains its primary day-to-day checking account at Mercantile with a fully insured $250,000 balance as of June 30, 2026. The Board is asked to reaffirm Mercantile as an approved financial institution for surplus and operating funds.

Status
ONGOING
Document date
July 9, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Mercantile – Checking
Agency
Southeastern Oakland County Water Authority · MI

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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
$250,000 balance as of 6/30/26 (fully insured)
Contract type
FINANCIAL_SERVICES
Renewal
Primary banking relationship established in 2024 when SOCWA moved day-to-day banking from Flagstar to Mercantile; proposed to continue under previously approved resolutions and the Investment Policy.
Document type
AgendaPacket
Source document
Southeastern Oakland County Water Authority AgendaPacket Organization Meeting 2026-07-10

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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, 2026. The contract value is $250,000 balance as of 6/30/26 (fully insured).

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 6/30/26 (fully insured), 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 AgendaPacket Organization Meeting 2026-07-10 (AgendaPacket), dated July 9, 2026 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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