City of Sault Ste. Marie Awards Financial Services Contract to Central Savings Bank (June 2026)

The City Commission approved Central Savings Bank as an authorized depository for City operating funds for the fiscal year July 1, 2026 through June 30, 2027 under an updated banking resolution and investment policy. The Acting City Manager and Finance Director/Treasurer are named as authorized signers.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Fiscal year beginning July 1, 2026 and ending June 30, 2027

Renewal date

2027-06-30

Renewal

Designation as depository applies for the FY 2026-2027 period; future fiscal years will require reauthorization.

Document type

Minutes

Source document

City of Sault Ste. Marie City Commission Minutes 2026-06-01

Related contracts

Other contracts from Central Savings Bank.

View all →

JKL Bahweting Anishnabe PSA AgendaPacket Organizational/Regular Meeting 2026-07-14

PENDING

Joseph K. Lumsden Bahweting Anishnabe Academy, MichiganJul 14, 2026

Eastern Upper Peninsula Intermediate School District Board Agenda Packet 2026-07-08

ONGOING

Eastern Upper Peninsula ISD, MichiganJul 8, 2026

Eastern Upper Peninsula Intermediate School District Cash and Investment Report 2026-06-30

ONGOING

Eastern Upper Peninsula ISD, MichiganJun 30, 2026

Town of Soo Minutes Regular City Commission Meeting 2026-06-01

APPROVED

Town of Soo, MichiganJun 1, 2026

City of Sault Ste. Marie Regular City Commission Meeting Minutes 2026-06-01

APPROVED

City of Sault Ste. Marie, MichiganJun 1, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Sault Ste. Marie?

Central Savings Bank was awarded this financial services contract by City of Sault Ste. Marie, as recorded on June 1, 2026.

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 City of Sault Ste. Marie City Commission Minutes 2026-06-01 (Minutes), dated June 1, 2026 from City of Sault Ste. Marie. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Central Savings Bank hold?

Central Savings 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 Central Savings Bank's profile

What is City of Sault Ste. Marie currently buying?

Explore City of Sault Ste. Marie's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Sault Ste. Marie's profile