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City of Albion Awards Financial Services Contract to Homestead Savings Bank (December 2025)

City of Albion logoCity of Albion
Approved
Dec 15, 2025
Renews
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The 30-second brief

What it covers

The City of Albion designated Homestead Savings Bank as an authorized depository in its FY 2026 budget resolution, enabling the bank to hold City funds. This supports local banking relationships for municipal finances.

Who holds it

Homestead Savings Bank holds this financial services contract with City of Albion. Its other public contracts on record include work for Town of Sheridan and Springport village.

What happens next

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Contract details

Contract type
Financial Services
Document date
December 15, 2025
Term
Designation as depository for Fiscal Year 2026 and until changed by Council
Renews
On record
Vendor
Homestead Savings Bank
Agency
City of Albion
Source document
city_council_regular_meeting_agenda_december_2025.pdf (Agenda)

Homestead Savings Bank's other public contracts

Town of Sheridan, MichiganTownship Opens Fire Fund CD At Homestead Bank · Jul 21, 2026UndisclosedAll Homestead Savings Bank contractsVendor profile

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Questions about this contract

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

Homestead Savings Bank was awarded this financial services contract by City of Albion, as recorded on December 15, 2025.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city_council_regular_meeting_agenda_december_2025.pdf (Agenda), dated December 15, 2025 from City of Albion. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Homestead Savings Bank hold?

Homestead Savings 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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What is City of Albion currently buying?

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

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