Third Coast Bank Part of City CD Investment Plan

The City, on the recommendation of Valley View Consulting, plans to utilize Third Coast Bank as part of a laddered certificate of deposit strategy for investing bond proceeds from the Certificates of Obligation, Series 2026. Staggered CD maturities will support liquidity and enhance investment returns.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Certificate of deposit maturities ranging from six to twenty-one months

Renewal

CDs will mature on a staggered schedule between six and twenty-one months; any renewals or reinvestments will be based on updated liquidity and investment analyses.

Document type

Minutes

Source document

Heath Finance & Audit Advisory Board Minutes 2026-06-24

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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 Heath city?

Third Coast Bank was awarded this financial services contract by City of Heath city, as recorded on June 24, 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 Heath Finance & Audit Advisory Board Minutes 2026-06-24 (Minutes), dated June 24, 2026 from City of Heath city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Third Coast Bank hold?

Third Coast 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.

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