FINANCIAL_SERVICESONGOING

City Utilizes Thumb Bank for Multiple Investment CDs

The City of Croswell maintains multiple investment accounts with Thumb Bank, including Electric fund CDARs, Major and Local Streets CDs, and a 7‑month Water fund CD recently moved from Eastern Michigan Bank to secure a higher interest rate. These banking relationships support the city’s investment strategy and liquidity management.

Document date · August 17, 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
$983,890.13; $50.00; $301,741.24; $201,160.83; $192,319.38
Contract type
FINANCIAL_SERVICES
Contract term
Various CDs renewing 7/23/2026 and 8/6/2026; 7-month CD renewing 11/23/2026
Renewal date
2026-11-23
Renewal
Several CD products automatically renew at specified intervals (4-week, 13-week, 7-month); renewals are implied by the investment schedule.
Document type
AgendaPacket
Source document
City of Croswell AgendaPacket City Council Regular Meeting 2026-08-17

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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 Croswell?

Thumb Bank was awarded this financial services contract by City of Croswell, as recorded on August 17, 2026. The contract value is $983,890.13; $50.00; $301,741.24; $201,160.83; $192,319.38.

How much is the Thumb Bank contract with City of Croswell worth?

The Thumb Bank contract with City of Croswell is valued at $983,890.13; $50.00; $301,741.24; $201,160.83; $192,319.38, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Croswell AgendaPacket City Council Regular Meeting 2026-08-17 (AgendaPacket), dated August 17, 2026 from City of Croswell. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Thumb Bank hold?

Thumb 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.

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