FINANCIAL_SERVICESAPPROVED

Town of Floyd Awards Financial Services Contract to Carter Bank & Trust (May 2026)

The Floyd Town Council approved a four-month renewal of its approximately $147,000 certificate of deposit with Carter Bank & Trust at a 3.1% interest rate. The action maintains the Town’s short-term investment with the bank.

Status
APPROVED
Document date
May 7, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Carter Bank & Trust
Agency
Town of Floyd · VA

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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
estimated value of $147,000 at a rate of 3.1%
Contract type
FINANCIAL_SERVICES
Contract term
4 months
Renewal
Short-term CD renewed for 4 months at 3.1% interest; future renewal or reinvestment decisions will be required at maturity.
Document type
Minutes
Source document
Floyd Town Council Minutes 2026-05-07

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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 Floyd?

Carter Bank & Trust was awarded this financial services contract by Town of Floyd, as recorded on May 7, 2026. The contract value is estimated value of $147,000 at a rate of 3.1%.

How much is the Carter Bank & Trust contract with Town of Floyd worth?

The Carter Bank & Trust contract with Town of Floyd is valued at estimated value of $147,000 at a rate of 3.1%, 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 Floyd Town Council Minutes 2026-05-07 (Minutes), dated May 7, 2026 from Town of Floyd. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Carter Bank & Trust hold?

Carter Bank & Trust 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 Carter Bank & Trust's profile

What is Town of Floyd currently buying?

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

View Town of Floyd's profile

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