FINANCIAL_SERVICESPENDING

City Weighs Closing Davis Trust Water Account

The Treasurer has asked the Finance Committee to recommend closing the City’s Water Depreciation account at Davis Trust Company, which holds $115,166.70 at 0.30% APY, to relocate the funds to a higher-interest account.

Status
PENDING
Document date
August 10, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Davis Trust Company
Agency
City of Elkins · WV

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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
$115,166.70 (existing account balance as of July 31)
Contract type
FINANCIAL_SERVICES
Renewal
Action would terminate the existing depository relationship for this specific Water Depreciation account at Davis Trust Company.
Document type
AgendaPacket
Source document
City of Elkins AgendaPacket Finance Committee Meeting 2026-08-10

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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 Elkins?

Davis Trust Company was awarded this financial services contract by City of Elkins, as recorded on August 10, 2026. The contract value is $115,166.70 (existing account balance as of July 31).

How much is the Davis Trust Company contract with City of Elkins worth?

The Davis Trust Company contract with City of Elkins is valued at $115,166.70 (existing account balance as of July 31), 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 Elkins AgendaPacket Finance Committee Meeting 2026-08-10 (AgendaPacket), dated August 10, 2026 from City of Elkins. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Davis Trust Company hold?

Davis 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 Davis Trust Company's profile

What is City of Elkins currently buying?

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

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