FINANCIAL_SERVICESAPPROVED

Town of South Bristol Awards Financial Services Contract to Community Bank (March 2026)

South Bristol authorized converting its Community Bank tax collection account, which holds about $4 million during tax season, into an interest-bearing account at 3%. The change will allow the town to earn interest on tax receipts during the roughly three-month collection period.

Status
APPROVED
Document date
March 9, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Community Bank
Agency
Town of South Bristol · NY

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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
Approximately 3 months each tax collection period
Renewal
Interest-bearing structure applies to the recurring seasonal tax collection account; terms such as the 3% rate are subject to bank conditions and may require future adjustment or reauthorization.
Document type
Minutes
Source document
South Bristol Town Board Meeting Minutes March 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 Town of South Bristol?

Community Bank was awarded this financial services contract by Town of South Bristol, as recorded on March 9, 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 South Bristol Town Board Meeting Minutes March 2026 (Minutes), dated March 9, 2026 from Town of South Bristol. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Community Bank hold?

Community 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 Community Bank's profile

What is Town of South Bristol currently buying?

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

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