Board Reaffirms Investment Policy With First Bank

The Escanaba Public Safety Retirement Board reaffirmed its existing Investment Policy and transmitted it to First Bank for signature, maintaining First Bank’s role in managing the Board’s investment portfolio. April 2026 performance results for the approximately $39 million portfolio were reviewed with First Bank representatives.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Renewal

Board formally reaffirmed the current Investment Policy and requested First Bank’s signature and reaffirmation, continuing the existing investment management arrangement; no explicit renewal dates or term changes were stated.

Document type

Minutes

Source document

Escanaba Public Safety Retirement Board Regular Meeting Minutes 2026-05-26

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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 Escanaba?

First Bank was awarded this financial services contract by City of Escanaba, as recorded on May 26, 2026.

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 Escanaba Public Safety Retirement Board Regular Meeting Minutes 2026-05-26 (Minutes), dated May 26, 2026 from City of Escanaba. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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