FINANCIAL_SERVICESRECOMMENDED

DDA CD Renewal Recommended with South State Bank

The Downtown Development Authority of Holly Springs is recommended to renew its maturing certificate of deposit with South State Bank at a 4.07% interest rate for a 7‑month term. The renewal would extend the CD from its July 17, 2026 maturity to a new maturity date of December 17, 2026, generating additional interest earnings on public funds.

Status
RECOMMENDED
Document date
July 20, 2026
Contract type
FINANCIAL_SERVICES
Vendor
South State Bank
Agency
City of Holly Springs · GA

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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
7 months starting July 17, 2026
Renewal date
2026-12-17
Renewal
Existing certificate of deposit matured July 17, 2026 and is proposed for renewal for an additional 7‑month term at a 4.07% interest rate, with a new maturity date of December 17, 2026 and a 10‑day grace period after maturity for penalty‑free changes.
Document type
AgendaPacket
Source document
Downtown Development Authority of Holly Springs AgendaPacket 2026-07-20

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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 Holly Springs?

South State Bank was awarded this financial services contract by City of Holly Springs, as recorded on July 20, 2026.

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 Downtown Development Authority of Holly Springs AgendaPacket 2026-07-20 (AgendaPacket), dated July 20, 2026 from City of Holly Springs. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does South State Bank hold?

South 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.

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