FINANCIAL_SERVICESONGOING

Township Weed Fund CD Held at Mercantile Bank

Secord Township continues to hold a $250,000 Weed Fund certificate of deposit with Mercantile Bank, earning 3.65% interest. The board reviewed investment placement as part of the Treasurer’s report.

Status
ONGOING
Document date
June 17, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Mercantile Bank
Agency
Town of Secord · MI

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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
$250,000 Weed CD funds (principal)
Contract type
FINANCIAL_SERVICES
Contract term
6 months (CD rollover from prior term)
Renewal
Board later approved rolling over CDs S54 and S51 for another 6 months; CD S52 was closed. Weed CD at Mercantile Bank continues under existing terms until its own maturity date, which is not specified.
Document type
Minutes
Source document
Secord Township Meeting Minutes 2026-06-17

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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 Secord?

Mercantile Bank was awarded this financial services contract by Town of Secord, as recorded on June 17, 2026. The contract value is $250,000 Weed CD funds (principal).

How much is the Mercantile Bank contract with Town of Secord worth?

The Mercantile Bank contract with Town of Secord is valued at $250,000 Weed CD funds (principal), 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 Secord Township Meeting Minutes 2026-06-17 (Minutes), dated June 17, 2026 from Town of Secord. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Mercantile Bank hold?

Mercantile 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 Mercantile Bank's profile

What is Town of Secord currently buying?

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

View Town of Secord's profile

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