FINANCIAL_SERVICESONGOING

City reports $8M in Community National Bank investments

Newton’s investment portfolio lists $8 million in fixed-rate deposits at Community National Bank, including two 180-day positions at 3.65% and a 365-day deposit at 3.91%. The staggered maturities in July 2026 and May 2027 support liquidity management.

Status
ONGOING
Document date
July 28, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Community National Bank
Agency
Town of Newton · KS

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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
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
$8,000,000.00
Contract type
FINANCIAL_SERVICES
Contract term
Two 180-day fixed-rate positions maturing 2026-07-13 and one 365-day fixed-rate position maturing 2027-05-12
Renewal date
2027-05-12
Renewal
Short-term 180-day and 365-day deposits may be rolled over or adjusted at maturity based on market conditions and City cash needs.
Document type
AgendaPacket
Source document
City of Newton AgendaPacket Regular Commission Meeting 2026-07-28

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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 Newton?

Community National Bank was awarded this financial services contract by Town of Newton, as recorded on July 28, 2026. The contract value is $8,000,000.00.

How much is the Community National Bank contract with Town of Newton worth?

The Community National Bank contract with Town of Newton is valued at $8,000,000.00, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Newton AgendaPacket Regular Commission Meeting 2026-07-28 (AgendaPacket), dated July 28, 2026 from Town of Newton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Community National Bank hold?

Community National 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 Community National Bank's profile

What is Town of Newton currently buying?

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

View Town of Newton's profile

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