CONTRACTAPPROVED

City of Farmington Awards $2,000,000 Financial Services Contract to First Community Bank of Batesville (August 2022)

Disclosed value: $2,000,000; From minutes
Approved: Aug 8, 2022
Term: One-year certificate of deposit

What it covers

Farmington City Council approved transferring $2,000,000 from the general fund into a one-year certificate of deposit with First Community Bank of Batesville at 2.25% interest. City officials were authorized to execute the investment to manage municipal cash reserves.

Who holds it

First Community Bank of Batesville holds this financial services contract with City of Farmington. Its other public contracts on record include work for Rock-Moore Public Water Authority and Fort Smith Public Schools.

What happens next

Term as filed: One-year certificate of deposit.

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Contract details

Contract type: Financial Services
Amount: $2,000,000
Document date: August 8, 2022
Term: One-year certificate of deposit
Vendor: First Community Bank of Batesville
Agency: City of Farmington
Source document: Farmington City Council Minutes August 8, 2022 (Minutes)

First Community Bank of Batesville's other public contracts

Rock-Moore Public Water Authority, ArkansasAuthority Moves CD Funds to First Community Bank · Sep 22, 2026 Fort Smith Public Schools, ArkansasFirst Community Bank of Batesville bond EFTs · May 16, 2026Undisclosed Fort Smith Public Schools, ArkansasFirst Community Bank of Batesville Bond Payments Approved · Jul 1, 2023Undisclosed City of Farmington, ArkansasFarmington invests $2M CD with First Community Bank · Jan 9, 2023$2M City of Farmington, ArkansasCity invests $2M in CD at First Community Bank · Dec 12, 2022$2M All First Community Bank of Batesville contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by City of Farmington?

First Community Bank of Batesville was awarded this financial services contract by City of Farmington, as recorded on August 8, 2022. The contract value is $2,000,000.

How much is the First Community Bank of Batesville contract with City of Farmington worth?

The First Community Bank of Batesville contract with City of Farmington is valued at $2,000,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Farmington City Council Minutes August 8, 2022 (Minutes), dated August 8, 2022 from City of Farmington. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does First Community Bank of Batesville hold?

First Community Bank of Batesville 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 Farmington currently buying?

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

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