FINANCIAL_SERVICESAPPROVED

Town of Thurston Awards Financial Services Contract to Five Star Bank (April 2026)

The Thurston Town Board approved placing $225,000 in General and Highway fund balances into a 6‑month certificate of deposit with Five Star Bank at 3.25% interest. The action is intended to increase interest income while keeping funds FDIC insured through a deposit placement program.

Status
APPROVED
Document date
April 15, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Five Star Bank
Agency
Town of Thurston · NY

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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
Contract term
6-month Certificate of Deposit (CD) at 3.25% interest
Renewal
Single 6‑month CD term; any renewal or rollover after maturity would require a future board action or bank instruction not specified in the minutes.
Document type
Minutes
Source document
Town of Thurston Minutes Regular Meeting 2026-04-15

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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 Thurston?

Five Star Bank was awarded this financial services contract by Town of Thurston, as recorded on April 15, 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 Town of Thurston Minutes Regular Meeting 2026-04-15 (Minutes), dated April 15, 2026 from Town of Thurston. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Five Star Bank hold?

Five Star 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 Five Star Bank's profile

What is Town of Thurston currently buying?

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

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