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Regions Bank CD Maintained for Reserve Funds

City of Montevallo logoCity of Montevallo
Disclosed value
up to $250,000 (CD deposit)
From minutes
Document date
Feb 9, 2026

The 30-second brief

What it covers

MDCD continues to hold a CD valued up to $250,000 with Regions for eligible FDIC insurance, with plans to transfer funds to Central State Bank upon maturity.

Who holds it

REGIONS holds this financial services contract with City of Montevallo. Its other public contracts on record include work for Trico Regional Sewer Utility and Memorial Heights Redevelopment Authority.

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Contract details

Contract type
Financial Services
Amount
up to $250,000 (CD deposit)
Document date
February 9, 2026
Vendor
REGIONS
Agency
City of Montevallo
Source document
Montevallo Development Cooperative District Board Meeting Minutes Feb 2026 (Minutes)

REGIONS's other public contracts

Trico Regional Sewer Utility, IndianaRegions Money Market Account Generates Interest Income · Oct 30, 2026Memorial Heights Redevelopment Authority, TexasAuthority Makes $1.58 Million Regions Debt Payment · Oct 28, 2026$1.6MLafayette County, MississippiCounty Reviews Monthly Regions Card Statement · Oct 5, 2026UndisclosedCity of Pearland city, TexasPearland Authority Maintains Regions Money-Market Account · Sep 30, 2026UndisclosedSmith County Emergency Services District 2, TexasESD 2 Reports Regions AutoSweep Investment Account · Sep 30, 2026All REGIONS contractsVendor profile

More City of Montevallo contracts

C & W ConcreteC & W Concrete Contract Amended for Parking Lot Work · Oct 12, 2026$31KTitan ElectricTitan Electric to Install Stevens Park Court Lighting · Oct 12, 2026UndisclosedCentral Alabama Asphalt & ConstructionCentral Alabama Asphalt Contract Supports Overflow Parking Lot · Oct 12, 2026$32.2KLoader ServicesMontevallo Considers Loader Services Equipment Purchase · Oct 12, 2026$84.3KRux Carter InsuranceProfessional Liability Insurance Increase Reported by Rux Carter · Oct 12, 2026UndisclosedAll City of Montevallo activityAgency profile

Questions about this contract

Who was awarded the financial services contract by City of Montevallo?

REGIONS was awarded this financial services contract by City of Montevallo, as recorded on February 9, 2026. The contract value is up to $250,000 (CD deposit).

How much is the REGIONS contract with City of Montevallo worth?

The REGIONS contract with City of Montevallo is valued at up to $250,000 (CD deposit), covering financial services work.

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 Montevallo Development Cooperative District Board Meeting Minutes Feb 2026 (Minutes), dated February 9, 2026 from City of Montevallo. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does REGIONS hold?

REGIONS may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Montevallo currently buying?

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

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