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City of Cherokee Village Awards Financial Services Contract to FNBC (July 2025)

City of Cherokee Village
Approved
Jul 17, 2025
Term
36 months (interest rate term)

The 30-second brief

What it covers

Cherokee Village City Council approved FNBC’s proposal to adjust interest rates on all City accounts. The 36‑month arrangement ties account rates to the Wall Street Journal Fed Funds Effective Rate minus 1.25% and establishes a 12‑month CD at 4.00% APY.

Who holds it

FNBC holds this financial services contract with City of Cherokee Village. Its other public contracts on record include work for Ozarka College and City of Highland.

What happens next

Term as filed: 36 months (interest rate term).

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Contract details

Contract type
Financial Services
Document date
July 17, 2025
Term
36 months (interest rate term)
Vendor
FNBC
Agency
City of Cherokee Village
Source document
cherokee-village-city-council-agenda-police-vehicle-purchase-cloud-storage-jul-17-2025_82e.md (Agenda)

FNBC's other public contracts

Ozarka College, ArkansasOzarka Foundation Banking Bid Awarded to FNBC · Mar 19, 2026UndisclosedCity of Cherokee Village, ArkansasCherokee Village Approves FNBC Interest Rate Proposal · Jul 17, 2025UndisclosedCity of Highland, ArkansasCity Makes Scheduled Police Vehicle Loan Payment to FNBC · Jul 8, 2025$1.2KCity of Cherokee Village, ArkansasCity Approves FNBC Interest Rate Proposal · Jun 26, 2025UndisclosedCity of Highland, ArkansasCity Continues FNBC Police Car Loan Payments · Jun 10, 2025$1.2KAll FNBC contractsVendor profile

More City of Cherokee Village contracts

XYLEMCherokee Village Reviews Xylem Tree-Trimming Matter · Oct 8, 2026UndisclosedKENWORTHCherokee Village Approves Kenworth Dump Truck Purchase · Oct 8, 2026Witcher Auction ServiceCherokee Village Considers Witcher Auction Service · Oct 8, 2026UndisclosedWaste ConnectionsCherokee Village Discusses WasteConnections Service Rates · Oct 8, 2026First Community BankCherokee Village Approves $300,000 First Community Bank CDs · Oct 8, 2026All City of Cherokee Village activityAgency profile

Questions about this contract

Who was awarded the financial services contract by City of Cherokee Village?

FNBC was awarded this financial services contract by City of Cherokee Village, as recorded on July 17, 2025.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in cherokee-village-city-council-agenda-police-vehicle-purchase-cloud-storage-jul-17-2025_82e.md (Agenda), dated July 17, 2025 from City of Cherokee Village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does FNBC hold?

FNBC 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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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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