FINANCIAL_SERVICESONGOING

Southern Bank Holds and Collateralizes City Deposits

The City of Maryville holds substantial operating funds and several certificates of deposit with Southern Bank, backed by more than $14.8 million in pledged securities to secure uninsured balances. CD terms range from 7 to 24 months with interest rates around 4 percent.

Status
ONGOING
Document date
July 13, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Southern Bank
Agency
City of Maryville · MO

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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 amount
$250,000 CD; $249,000 CD; $249,000 CD; $249,000 CD; $300,000 CD; $11,652,149.18 in money market and deposits
Contract type
FINANCIAL_SERVICES
Contract term
CD maturities on 12/28/2026 (12 months), 08/26/2026 (18 months), 10/09/2026 (7 months), 02/12/2027 (24 months), and 10/06/2026 (7 months)
Renewal date
2027-02-12
Renewal
Time deposits and deposit accounts are ongoing; CDs may renew at maturity, but automatic renewal provisions are not detailed.
Document type
AgendaPacket
Source document
City of Maryville Agenda Packet 2026-07-13

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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 Maryville?

Southern Bank was awarded this financial services contract by City of Maryville, as recorded on July 13, 2026. The contract value is $250,000 CD; $249,000 CD; $249,000 CD; $249,000 CD; $300,000 CD; $11,652,149.18 in money market and deposits.

How much is the Southern Bank contract with City of Maryville worth?

The Southern Bank contract with City of Maryville is valued at $250,000 CD; $249,000 CD; $249,000 CD; $249,000 CD; $300,000 CD; $11,652,149.18 in money market and deposits, covering financial services work.

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 City of Maryville Agenda Packet 2026-07-13 (AgendaPacket), dated July 13, 2026 from City of Maryville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Southern Bank hold?

Southern 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 Southern Bank's profile

What is City of Maryville currently buying?

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

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