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TRQ Funds Invested Through McGehee Bank CDs

Arkansas Natural Resources Commission | State of Arkansas logoArkansas Natural Resources Commission | State of Arkansas
Document date
Nov 12, 2025

The 30-second brief

What it covers

The Board continues to utilize McGehee Bank to invest approximately $8.9 million in TRQ funds in certificates of deposit, generating about $514,270.65 in interest to date. This banking relationship supports secure investment of the Board’s reserve funds.

Who holds it

Mcgehee Bank holds this financial services contract with Arkansas Natural Resources Commission | State of Arkansas. Its other public contracts on record include work for McGehee School District and Arkansas Department of Agriculture | Arkansas Rice Research & Promotion Board.

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Contract details

Contract type
Financial Services
Document date
November 12, 2025
Vendor
Mcgehee Bank
Agency
Arkansas Natural Resources Commission | State of Arkansas
Source document
Arkansas Rice Research and Promotion Board Minutes 2025-11-12 (Minutes)

Mcgehee Bank's other public contracts

McGehee School District, ArkansasCertificate of Deposit Renewal with McGehee Bank Approved · Feb 23, 2026UndisclosedMcGehee School District, ArkansasBoard To Address McGehee Bank Signature Card · May 19, 2025UndisclosedMcGehee School District, ArkansasCD Renewals with local banks · Feb 24, 2025UndisclosedArkansas Department of Agriculture | Arkansas Rice Research & Promotion Board, ArkansasBoard Retains McGehee Bank for TRQ Fund Management · Feb 5, 2025UndisclosedMcGehee School District, ArkansasMcGehee Bank CD renewal pending approval · Feb 19, 2024UndisclosedAll Mcgehee Bank contractsVendor profile

More Arkansas Natural Resources Commission | State of Arkansas contracts

Division of Agriculture of the University of Arkansas SystemBoard approves $150,000 co-funding for 2026 rice research · Dec 1, 2025$150KG&h Associates, Rice Foundation$155,000 Paid to G&H Associates for Milling Studies · Nov 12, 2025$155KUSA Rice Council$563,129 in Program Funds Paid to USA Rice Council · Nov 12, 2025$563.1KUSA Rice CouncilBoard Owes $490,509 to USA Rice Council · Nov 12, 2025$490.5KUniversity of ArkansasBoard Approves Up to $2 Million Transfer to U of A · Nov 12, 2025All Arkansas Natural Resources Commission | State of Arkansas activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Arkansas Natural Resources Commission | State of Arkansas?

Mcgehee Bank was awarded this financial services contract by Arkansas Natural Resources Commission | State of Arkansas, as recorded on November 12, 2025.

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 Arkansas Rice Research and Promotion Board Minutes 2025-11-12 (Minutes), dated November 12, 2025 from Arkansas Natural Resources Commission | State of Arkansas. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Mcgehee Bank hold?

Mcgehee 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.

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