FINANCIAL_SERVICESAPPROVED

Homer village Awards $225,834 Financial Services Contract to Southern Michigan Bank & Trust (June 2026)

The Village Council approved rewriting the Debt Retirement (Water) Certificate #9850 with Southern Michigan Bank & Trust for $225,834.31 at 3.80% interest over 13 months. This action restructures the village’s water debt investment instrument.

Status
APPROVED
Document date
June 1, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Southern Michigan Bank & Trust
Agency
Homer village · MI

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WithersRavenel logo
Derivita logo
Comcate logo
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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
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Scope & details

The full contract record, as filed.

Contract amount
$225,834.31
Contract type
FINANCIAL_SERVICES
Contract term
13 months @ 3.80%
Renewal
Existing Debt Retirement (Water) Certificate #9850 is being rewritten with Southern Michigan Bank & Trust for a new 13‑month term at 3.80%. Future renewal options are not specified in the minutes.
Document type
Minutes
Source document
Homer Village Council Regular Meeting Minutes 2026-06-01

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Homer village?

Southern Michigan Bank & Trust was awarded this financial services contract by Homer village, as recorded on June 1, 2026. The contract value is $225,834.31.

How much is the Southern Michigan Bank & Trust contract with Homer village worth?

The Southern Michigan Bank & Trust contract with Homer village is valued at $225,834.31, 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 Homer Village Council Regular Meeting Minutes 2026-06-01 (Minutes), dated June 1, 2026 from Homer village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Southern Michigan Bank & Trust hold?

Southern Michigan Bank & Trust 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 Michigan Bank & Trust's profile

What is Homer village currently buying?

Explore Homer village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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