FINANCIAL_SERVICESAPPROVED

City of Marshall Awards Financial Services Contract to First State Community Bank (June 2026)

The City of Marshall approved a lease-purchase financing arrangement with First State Community Bank to fund construction of a new administration building and shop. The financing includes principal components of Base Rentals up to $7,126,126 at 5.00% interest over a lease term not exceeding 10 years and one month, supported by a Base Lease of up to 20 years.

Status
APPROVED
Document date
June 16, 2026
Contract type
FINANCIAL_SERVICES
Vendor
First State Community Bank
Agency
City of Marshall · MO

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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
Aggregate principal components of Base Rentals not to exceed $7,126,126 at 5.00% interest
Contract type
FINANCIAL_SERVICES
Contract term
Base Lease term not to exceed 20 years; Lease term not to exceed 10 years and one month
Renewal
Base Lease term not to exceed 20 years; Lease-Purchase Agreement term not to exceed 10 years and one month with option to purchase the project.
Document type
Agenda
Source document
City of Marshall Agenda June 16, 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 Marshall?

First State Community Bank was awarded this financial services contract by City of Marshall, as recorded on June 16, 2026. The contract value is Aggregate principal components of Base Rentals not to exceed $7,126,126 at 5.00% interest.

How much is the First State Community Bank contract with City of Marshall worth?

The First State Community Bank contract with City of Marshall is valued at Aggregate principal components of Base Rentals not to exceed $7,126,126 at 5.00% interest, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Marshall Agenda June 16, 2026 (Agenda), dated June 16, 2026 from City of Marshall. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First State Community Bank hold?

First State Community 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 First State Community Bank's profile

What is City of Marshall currently buying?

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

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