FINANCIAL_SERVICESAPPROVED

City of McGregor Awards Financial Services Contract to People’s State Bank (January 2026)

The City of McGregor passed a resolution approving People’s State Bank as its depository institution for checking account funds, with an authorized account balance limit of $4,000,000.00. The bank is authorized to hold and process city funds, with specific city officials designated as signatories.

Status
APPROVED
Document date
January 31, 2026
Contract type
FINANCIAL_SERVICES
Vendor
People’s State Bank
Agency
City of McGregor · IA

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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
Up to $4,000,000.00
Contract type
FINANCIAL_SERVICES
Renewal
Funds may be renewed, deposited, or withdrawn per authorized signatories; renewal or withdrawal follows set procedures; signatories updated effective January 31, 2026.
Document type
Resolution
Source document
City of McGregor Resolution for Banking Purposes January 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 McGregor?

People’s State Bank was awarded this financial services contract by City of McGregor, as recorded on January 31, 2026. The contract value is Up to $4,000,000.00.

How much is the People’s State Bank contract with City of McGregor worth?

The People’s State Bank contract with City of McGregor is valued at Up to $4,000,000.00, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of McGregor Resolution for Banking Purposes January 2026 (Resolution), dated January 31, 2026 from City of McGregor. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does People’s State Bank hold?

People’s State 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 People’s State Bank's profile

What is City of McGregor currently buying?

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

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