FINANCIAL_SERVICESAPPROVED

City of Vanceburg Awards Financial Services Contract to First Guaranty Bank (December 2025)

The Vanceburg City Council approved transferring a $500,000 certificate of deposit from Pinnacle Bank to First Guaranty Bank at 3.9% for 12 months, while allocating $48,954.07 to a downtown beautification account. This action restructures the city’s investments and earmarks funds for future downtown improvements.

Status
APPROVED
Document date
December 1, 2025
Contract type
FINANCIAL_SERVICES
Vendor
First Guaranty Bank
Agency
City of Vanceburg · KY

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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 amount
$500,000.00 CD at 3.9% for 12 months
Contract type
FINANCIAL_SERVICES
Contract term
12 months at 3.9% interest
Renewal
Single 12‑month CD term at 3.9% interest; renewal or reinvestment after maturity will require future council action or bank instructions.
Document type
Minutes
Source document
vanceburg_city_council_minutes_december_1_2025.pdf

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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 Vanceburg?

First Guaranty Bank was awarded this financial services contract by City of Vanceburg, as recorded on December 1, 2025. The contract value is $500,000.00 CD at 3.9% for 12 months.

How much is the First Guaranty Bank contract with City of Vanceburg worth?

The First Guaranty Bank contract with City of Vanceburg is valued at $500,000.00 CD at 3.9% for 12 months, covering financial services work.

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 vanceburg_city_council_minutes_december_1_2025.pdf (Minutes), dated December 1, 2025 from City of Vanceburg. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First Guaranty Bank hold?

First Guaranty 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 First Guaranty Bank's profile

What is City of Vanceburg currently buying?

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

View City of Vanceburg's profile

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