FINANCIAL_SERVICESAPPROVED

City of Cherokee Village Awards Financial Services Contract to First Community Bank (September 2026)

Cherokee Village authorized First Community Bank certificates of deposit totaling $300,000. The city approved a $150,000 three-month CD and a $150,000 six-month CD at interest of at least 4.05%, with staff authorized to complete the transaction.

Document date · September 10, 2026

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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
$150,000 in a 3-month CD and $150,000 in a 6-month CD; interest of at least 4.05%
Contract type
FINANCIAL_SERVICES
Contract term
3 months and 6 months
Renewal date
2027-02-13
Renewal
Certificates mature after three months and six months; renewal terms were not stated.
Document type
Resolution
Source document
City of Cherokee Village Resolution No. 2026-02 A Resolution to Levy AD Valorem Taxes for the Counties of Sharp and Fulton, Arkansas 2026-09-10

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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 Cherokee Village?

First Community Bank was awarded this financial services contract by City of Cherokee Village, as recorded on September 10, 2026. The contract value is $150,000 in a 3-month CD and $150,000 in a 6-month CD; interest of at least 4.05%.

How much is the First Community Bank contract with City of Cherokee Village worth?

The First Community Bank contract with City of Cherokee Village is valued at $150,000 in a 3-month CD and $150,000 in a 6-month CD; interest of at least 4.05%, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Cherokee Village Resolution No. 2026-02 A Resolution to Levy AD Valorem Taxes for the Counties of Sharp and Fulton, Arkansas 2026-09-10 (Resolution), dated September 10, 2026 from City of Cherokee Village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First Community Bank hold?

First Community 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 Community Bank's profile

What is City of Cherokee Village currently buying?

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

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