FINANCIAL_SERVICESONGOING

Southern Michigan Bank money market balance reported

The financial report notes a money market account at SOUTHERN MICHIGAN BANK holding $263,159.78 and earning 3.30% interest for November 2025. This reflects TIFA’s ongoing banking and investment relationship with the institution.

Status
ONGOING
Document date
December 10, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Southern Michigan Bank
Agency
Town of Litchfield · MI

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Derivita logo
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Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
11/01/25 through 11/30/25
Renewal date
2025-11-30
Renewal
Standard bank money market account with interest rate subject to change; renews automatically as an ongoing depository relationship.
Document type
Agenda
Source document
City of Litchfield TIFA Agenda & Financial 2025-12-10

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Litchfield?

Southern Michigan Bank was awarded this financial services contract by Town of Litchfield, as recorded on December 10, 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 of Litchfield TIFA Agenda & Financial 2025-12-10 (Agenda), dated December 10, 2025 from Town of Litchfield. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Southern Michigan Bank hold?

Southern Michigan 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 Town of Litchfield currently buying?

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

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