FINANCIAL_SERVICESAPPROVED

City of Centralia Awards Financial Services Contract to Bank of Missouri (May 2026)

The Centralia Public Library Board approved placing $150,000 of reserve funds into laddered certificates of deposit with Bank of Missouri and authorized renewal of an existing CD. The action aims to improve investment returns while maintaining liquidity throughout the year.

Status
APPROVED
Document date
May 11, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Bank of Missouri
Agency
City of Centralia · MO

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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
three $50,000 CDs (total $150,000) plus renewal of existing CD
Contract type
FINANCIAL_SERVICES
Contract term
Laddered CDs maturing at multiple points throughout the year; one existing CD maturing in May 2026 to be renewed
Renewal
Board authorized automatic renewal of the CD maturing in May 2026 by the director without further board approval; three new $50,000 CDs will be structured with staggered maturities for ongoing renewal or redemption options.
Document type
AgendaPacket
Source document
City of Centralia General Government & Public Safety Committee Agenda Packet 2026-05-11

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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 Centralia?

Bank of Missouri was awarded this financial services contract by City of Centralia, as recorded on May 11, 2026. The contract value is three $50,000 CDs (total $150,000) plus renewal of existing CD.

How much is the Bank of Missouri contract with City of Centralia worth?

The Bank of Missouri contract with City of Centralia is valued at three $50,000 CDs (total $150,000) plus renewal of existing CD, 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 City of Centralia General Government & Public Safety Committee Agenda Packet 2026-05-11 (AgendaPacket), dated May 11, 2026 from City of Centralia. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bank of Missouri hold?

Bank of Missouri 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 Bank of Missouri's profile

What is City of Centralia currently buying?

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

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