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

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.

Document date · December 15, 2025

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Designation as depository for Fiscal Year 2026 and until changed by Council

Renewal date

2026-12-31

Renewal

Designation is included in the FY 2026 budget resolution and continues until revised.

Document type

Agenda

Source document

city_council_regular_meeting_agenda_december_2025.pdf

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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 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.

View Homestead Savings Bank's profile

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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