FINANCIAL_SERVICESAPPROVED

Town of Richland Awards Financial Services Contract to Incommons Bank (January 2025)

The Richland City Council approved investing General, Tax, Water, and Debt Fund CDs with Incommons Bank at a 4% interest rate for a six‑month term. Officials noted that competing banks offered lower rates, prompting selection of Incommons Bank.

Status
APPROVED
Document date
January 14, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Incommons Bank
Agency
Town of Richland · TX

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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
6 months
Renewal
Initial six‑month CD placement at 4% interest; future renewal or rollover decisions were not specified in the minutes.
Document type
Minutes
Source document
city_of_richland_council_meeting_minutes_january_2.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Richland?

Incommons Bank was awarded this financial services contract by Town of Richland, as recorded on January 14, 2025.

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_richland_council_meeting_minutes_january_2.pdf (Minutes), dated January 14, 2025 from Town of Richland. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Incommons Bank hold?

Incommons 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 Incommons Bank's profile

What is Town of Richland currently buying?

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

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