FINANCIAL_SERVICESPENDING

Magnolia Bank Callable CD Considered by Town

The Town is considering a 3.85% callable certificate of deposit with Magnolia Bank, first callable in August 2026 and maturing in February 2028, as part of its CD renewal options. This product offers a higher yield with potential early redemption by the bank.

Status
PENDING
Document date
February 10, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Magnolia Bank
Agency
Town of Pima · AZ

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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 type
FINANCIAL_SERVICES
Contract term
Maturity 2/22/2028; First Call 8/20/2026
Renewal date
2028-02-22
Renewal
Callable CD with first call date 2026-08-20 and final maturity 2028-02-22; reinvestment or renewal decisions would occur at maturity if not called earlier.
Document type
Agenda
Source document
Pima Town Council Meeting Agenda February 10, 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 Town of Pima?

Magnolia Bank was awarded this financial services contract by Town of Pima, as recorded on February 10, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Pima Town Council Meeting Agenda February 10, 2026 (Agenda), dated February 10, 2026 from Town of Pima. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Magnolia Bank hold?

Magnolia 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 Magnolia Bank's profile

What is Town of Pima currently buying?

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

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