City Weighs Options for Library CD at Vera Bank

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Certificate of deposit maturing 10/1/2025; reinvestment or liquidation between 10/1/2025 and 10/10/2025

Renewal date

2025-10-10

Renewal

Options include automatic renewal for a 7‑month term at the then-stated rate, liquidation to the operating account, or liquidation and transfer to the Texas Class investment pool.

Document type

Agenda

Source document

city_council_special_meeting_agenda_september_24_2.pdf

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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 Florence?

Vera Bank was awarded this financial services contract by City of Florence, as recorded on September 24, 2025.

What type of contract is this?

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

Where was this contract approved?

This contract appears in city_council_special_meeting_agenda_september_24_2.pdf (Agenda), dated September 24, 2025 from City of Florence. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Vera Bank hold?

Vera 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 Vera Bank's profile

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