FINANCIAL_SERVICESONGOING

Franklin Holds Significant CDs with South Central State Bank

The City holds over $846,000 in certificates of deposit with South Central State Bank as part of its investment portfolio. These time deposits contribute to Franklin’s interest income and financial stability.

Document date · May 12, 2026

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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 type
FINANCIAL_SERVICES
Renewal date
2026-08-21
Renewal
CDs mature between June 7 and August 21, 2026, after which the City may renew or re-invest funds per its investment policy.
Document type
Agenda
Source document
City of Franklin Regular Meeting Agenda May 2026

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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 Franklin?

South Central State Bank was awarded this financial services contract by City of Franklin, as recorded on May 12, 2026.

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 City of Franklin Regular Meeting Agenda May 2026 (Agenda), dated May 12, 2026 from City of Franklin. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does South Central State Bank hold?

South Central 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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