Community National Bank Bid Evaluated, Not Chosen
City of EmporiaCity · Emporia, KS- Disclosed value
- $3,000 annual maintenance fee; 0.50% interest (T-Bill minus 0.50%) yielding $29,012.50 yearly interest and $26,012.50 net earnings on an average balance of $5,802,500
- From agenda
- Document date
- Oct 5, 2022
The 30-second brief
Community National bid for Emporia's banking services with a $3,000 annual maintenance fee and 0.50% interest, estimated to provide $26,012.50 in net annual earnings. The proposal was not chosen as the City awarded the contract to another bank.
Community National holds this financial services contract with City of Emporia. Its other public contracts on record include work for Arkansas City Unified School District 470 and City of Nevada.
Term as filed: January 1, 2023 – December 31, 2027 (as proposed in bid tabulation).
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Contract details
- Contract type
- Financial Services
- Amount
- $3,000 annual maintenance fee; 0.50% interest (T-Bill minus 0.50%) yielding $29,012.50 yearly interest and $26,012.50 net earnings on an average balance of $5,802,500
- Document date
- October 5, 2022
- Term
- January 1, 2023 – December 31, 2027 (as proposed in bid tabulation)
- Vendor
- Community National
- Agency
- City of Emporia
- Source document
- Emporia City Commission Agenda October 5 2022 (Agenda)
Community National's other public contracts
More City of Emporia contracts
Questions about this contract
Who was awarded the financial services contract by City of Emporia?
Community National was awarded this financial services contract by City of Emporia, as recorded on October 5, 2022. The contract value is $3,000 annual maintenance fee; 0.50% interest (T-Bill minus 0.50%) yielding $29,012.50 yearly interest and $26,012.50 net earnings on an average balance of $5,802,500.
How much is the Community National contract with City of Emporia worth?
The Community National contract with City of Emporia is valued at $3,000 annual maintenance fee; 0.50% interest (T-Bill minus 0.50%) yielding $29,012.50 yearly interest and $26,012.50 net earnings on an average balance of $5,802,500, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Emporia City Commission Agenda October 5 2022 (Agenda), dated October 5, 2022 from City of Emporia. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Community National hold?
Community National may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Emporia currently buying?
Explore City of Emporia's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.