FINANCIAL_SERVICESAPPROVED

City of Red Lick Awards Financial Services Contract to Ozk Bank (February 2026)

The City of Red Lick approved opening a 6‑month, 4.0% certificate of deposit at OZK Bank using $50,000 from its Guaranty Bank general fund account. The move diversifies deposits and secures a higher yield on city funds.

Status
APPROVED
Document date
February 12, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Ozk Bank
Agency
City of Red Lick · TX

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$50,000 principal; 4.0% for 6 months
Contract type
FINANCIAL_SERVICES
Contract term
6-month CD at 4.0% interest
Renewal date
2026-08-12
Renewal
6‑month CD; may be renewed or rolled over at maturity subject to future council direction.
Document type
Minutes
Source document
City of Red Lick Minutes Feb 12, 2026

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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 Red Lick?

Ozk Bank was awarded this financial services contract by City of Red Lick, as recorded on February 12, 2026. The contract value is $50,000 principal; 4.0% for 6 months.

How much is the Ozk Bank contract with City of Red Lick worth?

The Ozk Bank contract with City of Red Lick is valued at $50,000 principal; 4.0% for 6 months, covering financial services work.

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 City of Red Lick Minutes Feb 12, 2026 (Minutes), dated February 12, 2026 from City of Red Lick. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Ozk Bank hold?

Ozk 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 Ozk Bank's profile

What is City of Red Lick currently buying?

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

View City of Red Lick's profile

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