FINANCIAL_SERVICESONGOING

Newton Places $8M in Fixed-Rate Investments at Community National

Newton holds $8 million in fixed-rate investments with Community National Bank, including two 180-day deposits maturing in July 2026 and a 365-day deposit maturing in May 2027. Interest rates range from 3.65% to 3.91%, supporting the City’s investment earnings.

Status
ONGOING
Document date
July 28, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Community National Bank
Agency
City 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 investments purchased 1/13/2026 maturing 07/13/2026 at 3.65%; one 365-day fixed rate purchased 05/12/2026 maturing 05/12/2027 at 3.91%
Renewal date
2027-05-12
Renewal
Two 180-day deposits mature on 2026-07-13, and the 365-day deposit matures on 2027-05-12; renewal or reinvestment decisions will be made at maturity.
Document type
AgendaPacket
Source document
City of Newton Agenda Packet 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 City of Newton?

Community National Bank was awarded this financial services contract by City 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 City of Newton worth?

The Community National Bank contract with City 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 Agenda Packet 2026-07-28 (AgendaPacket), dated July 28, 2026 from City 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 City of Newton currently buying?

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

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