FINANCIAL_SERVICESAPPROVED

City of Helena Awards Financial Services Contract to Central State Bank (June 2026)

The Helena City Council approved a two-year revolving working line of credit with Central State Bank, not to exceed $500,000, to support payroll, emergency expenditures, and cash flow management needs. The contract is effective immediately upon adoption, with no fees or closing costs and a fixed rate of 3.85%. City officials are authorized to execute all related financial documents.

Status
APPROVED
Document date
June 8, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Central State Bank
Agency
City of Helena · AL

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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
Up to $500,000.00
Contract type
FINANCIAL_SERVICES
Contract term
24 months
Renewal date
2028-06-08
Renewal
Initial term is 24 months; no stated auto-renewal. Officials may consider renewal at term end.
Document type
AgendaPacket
Source document
Helena City Council AgendaPacket Council Work Session and Meeting 2026-06-08

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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 Helena?

Central State Bank was awarded this financial services contract by City of Helena, as recorded on June 8, 2026. The contract value is Up to $500,000.00.

How much is the Central State Bank contract with City of Helena worth?

The Central State Bank contract with City of Helena is valued at Up to $500,000.00, 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 Helena City Council AgendaPacket Council Work Session and Meeting 2026-06-08 (AgendaPacket), dated June 8, 2026 from City of Helena. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Central State Bank hold?

Central 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 Central State Bank's profile

What is City of Helena currently buying?

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

View City of Helena's profile

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