Committee Recommends Reinvesting CD With SMB Bank

Scope & details

The full contract record, as filed.

Contract amount

$87,975 CD at 5.0% (recommended reinvestment for 6 months at 4.5%); Band/Ummel CDs due 5/29/25 at 4.5%

Contract type

FINANCIAL_SERVICES

Contract term

Existing CD maturing November 2024 with recommended 6‑month reinvestment; Band/Ummel CDs maturing 5/29/2025

Renewal

Recommendation to roll over the maturing $87,975 CD into a new 6‑month CD at 4.5% with SMB; Band/Ummel CDs to be addressed at their May 2025 maturity.

Document type

Minutes

Source document

Jasper R-5 Finance Committee Meeting Minutes 2-12-26

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Jasper County R-V School District?

SMB was awarded this financial services contract by Jasper County R-V School District, as recorded on February 12, 2026. The contract value is $87,975 CD at 5.0% (recommended reinvestment for 6 months at 4.5%); Band/Ummel CDs due 5/29/25 at 4.5%.

How much is the SMB contract with Jasper County R-V School District worth?

The SMB contract with Jasper County R-V School District is valued at $87,975 CD at 5.0% (recommended reinvestment for 6 months at 4.5%); Band/Ummel CDs due 5/29/25 at 4.5%, 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 Jasper R-5 Finance Committee Meeting Minutes 2-12-26 (Minutes), dated February 12, 2026 from Jasper County R-V School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does SMB hold?

SMB 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 SMB's profile

What is Jasper County R-V School District currently buying?

Explore Jasper County R-V School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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