Municipal Depository Agreement Extended to 2027
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Description
The City Council approved the first one-year extension of its municipal depository agreement with Independent Financial/SouthState Bank, maintaining the same terms through June 30, 2027. The bank continues as the city's primary depository institution.
Contract Details
Vendor
INDEPENDENT FINANCIAL/SOUTHSTATE BANK
Agency
City of Hewitt, MN
Contract Type
FINANCIAL_SERVICES
Document Date
June 1, 2026
Contract Term
First of three (3) one-year extensions, term ending June 30, 2027
Renewal Date
2027-06-30
Renewal Info
First of up to three one-year extensions, with current extension ending June 30, 2027; two more one-year extensions possible.
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