FINANCIAL_SERVICESPENDING

Village Plans New CDAR Investment With GenoaBank

The Village of Genoa discussed reinvesting a maturing $800,000 six‑month certificate of deposit at GenoaBank into up to $1.5 million in a six‑month CDAR with the same bank. The proposal will be formalized in an ordinance at the next council meeting before any investment is made.

Status
PENDING
Document date
June 16, 2025
Contract type
FINANCIAL_SERVICES
Vendor
GENOABANK
Agency
Genoa village · OH

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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
$800,000 (existing CD); proposed up to $1,500,000 in six‑month CDAR
Contract type
FINANCIAL_SERVICES
Contract term
Existing six‑month CD maturing June 22, 2025; proposed new six‑month CDAR
Renewal date
2025-06-22
Renewal
Existing six‑month CD at GenoaBank matures June 22, 2025; council is considering rolling funds into a new six‑month CDAR investment at GenoaBank via upcoming ordinance.
Document type
Minutes
Source document
Village of Genoa Minutes Regular Meeting 2025-06-16

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Genoa village?

GENOABANK was awarded this financial services contract by Genoa village, as recorded on June 16, 2025. The contract value is $800,000 (existing CD); proposed up to $1,500,000 in six‑month CDAR.

How much is the GENOABANK contract with Genoa village worth?

The GENOABANK contract with Genoa village is valued at $800,000 (existing CD); proposed up to $1,500,000 in six‑month CDAR, covering financial services work.

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 Village of Genoa Minutes Regular Meeting 2025-06-16 (Minutes), dated June 16, 2025 from Genoa village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does GENOABANK hold?

GENOABANK 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 GENOABANK's profile

What is Genoa village currently buying?

Explore Genoa village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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