FINANCIAL_SERVICESAWARDED

Montpelier village Awards Financial Services Contract to State Bank & Trust Company (May 2026)

The Village of Montpelier entered a four-year Agreement for Deposit of Public Funds with The State Bank and Trust Company, appointing it as depository for up to $6 million each in active, interim, and inactive funds. The bank will secure the village’s deposits through participation in the Ohio Pooled Collateral Program through May 31, 2030.

Document date · May 26, 2026

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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
Active, interim, and inactive deposits each up to $6,000,000.00
Contract type
FINANCIAL_SERVICES
Contract term
June 1, 2026 – May 31, 2030
Renewal date
2030-05-31
Renewal
Agreement runs from June 1, 2026 through May 31, 2030; any renewal or redesignation would need council action prior to expiration.
Document type
Agenda
Source document
Village of Montpelier Agenda 2026-05-26

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Montpelier village?

State Bank & Trust Company was awarded this financial services contract by Montpelier village, as recorded on May 26, 2026. The contract value is Active, interim, and inactive deposits each up to $6,000,000.00.

How much is the State Bank & Trust Company contract with Montpelier village worth?

The State Bank & Trust Company contract with Montpelier village is valued at Active, interim, and inactive deposits each up to $6,000,000.00, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Village of Montpelier Agenda 2026-05-26 (Agenda), dated May 26, 2026 from Montpelier village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does State Bank & Trust Company hold?

State Bank & Trust Company 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 State Bank & Trust Company's profile

What is Montpelier village currently buying?

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

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