FINANCIAL_SERVICESRENEWED

Town Renews Three CDs with Local Bank

The Town Board renewed three maturing certificates of deposit with National Bank of Commerce, each for $113,738.98 at rates between 4.10% and 4.20%, for staggered terms of 8, 9, and 12 months. The action reallocates existing town funds into updated CD terms.

Status
RENEWED
Document date
August 6, 2026
Contract type
FINANCIAL_SERVICES
Vendor
National Bank of Commerce
Agency
Town of Thomson · MN

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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
Three CDs of $113,738.98 each renewed at 4.10%, 4.15%, and 4.2%
Contract type
FINANCIAL_SERVICES
Contract term
One CD for 8 months, one for 9 months, one for 12 months starting 7/22/2026
Renewal date
2027-07-22
Renewal
Three existing CDs maturing on 7/22/2026 were rolled into new terms of 8, 9, and 12 months at updated interest rates with National Bank of Commerce.
Document type
Agenda
Source document
Town of Thomson Board of Supervisors Meeting Agenda 2026-08-06

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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 Thomson?

National Bank of Commerce was awarded this financial services contract by Town of Thomson, as recorded on August 6, 2026. The contract value is Three CDs of $113,738.98 each renewed at 4.10%, 4.15%, and 4.2%.

How much is the National Bank of Commerce contract with Town of Thomson worth?

The National Bank of Commerce contract with Town of Thomson is valued at Three CDs of $113,738.98 each renewed at 4.10%, 4.15%, and 4.2%, covering financial services work.

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 Town of Thomson Board of Supervisors Meeting Agenda 2026-08-06 (Agenda), dated August 6, 2026 from Town of Thomson. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does National Bank of Commerce hold?

National Bank of Commerce 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 National Bank of Commerce's profile

What is Town of Thomson currently buying?

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

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