Midwest Heritage Bank CD Included In DART Portfolio

DART’s reserve portfolio includes a certificate of deposit with Midwest Heritage Bank that generated interest income in Q4 FY2025. The CD is scheduled to mature in the second half of 2025.

Document date · August 5, 2025

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Matures between July 2025 and November 2025 (CDs)

Renewal date

2025-11-30

Renewal

Time deposit set to mature by late 2025; rollover or renewal decisions will be made upon maturity.

Document type

AgendaPacket

Source document

DART Commission Meeting Agenda Packet August 2025

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Des Moines Metropolitan Transit Authority?

Midwest Heritage Bank was awarded this financial services contract by Des Moines Metropolitan Transit Authority, as recorded on August 5, 2025.

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 DART Commission Meeting Agenda Packet August 2025 (AgendaPacket), dated August 5, 2025 from Des Moines Metropolitan Transit Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Midwest Heritage Bank hold?

Midwest Heritage 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 Midwest Heritage Bank's profile

What is Des Moines Metropolitan Transit Authority currently buying?

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