City to Liquidate CDs at 1st Security at Maturity

Bingen will allow five certificates of deposit totaling $145,888.96 at 1st Security to mature on August 29, 2025, then liquidate them. Council directed that the proceeds be reinvested in a 7‑month CD at First Interstate Bank at 3.75%.

Document date · August 19, 2025

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Scope & details

The full contract record, as filed.

Contract amount

$145,888.96

Contract type

FINANCIAL_SERVICES

Contract term

Existing CDs maturing August 29, 2025

Renewal date

2025-08-29

Renewal

Existing CDs at 1st Security will not be renewed; they will be liquidated at maturity and the funds transferred to First Interstate Bank for a new CD.

Document type

Minutes

Source document

city-of-bingen-city-council-meeting-minutes-august-19-2025_dca.md

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Bingen?

1st Security was awarded this financial services contract by City of Bingen, as recorded on August 19, 2025. The contract value is $145,888.96.

How much is the 1st Security contract with City of Bingen worth?

The 1st Security contract with City of Bingen is valued at $145,888.96, 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 city-of-bingen-city-council-meeting-minutes-august-19-2025_dca.md (Minutes), dated August 19, 2025 from City of Bingen. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does 1st Security hold?

1st Security may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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