CONTRACTAPPROVED

City of Farmington Awards $2,000,000 Financial Services Contract to First Community Bank of Batesville (January 2023)

Disclosed value: $2,000,000.00; From agendapacket
Approved: Jan 9, 2023
Term: 13 months

What it covers

Farmington City Council approved investing $2,000,000 in a 13‑month certificate of deposit at First Community Bank of Batesville at 4.25% interest. The CD will serve as a short‑term investment vehicle for city funds.

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: 13 months.

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Contract details

Contract type: Financial Services
Amount: $2,000,000.00
Document date: January 9, 2023
Term: 13 months
Vendor: First Community Bank of Batesville
Agency: City of Farmington
Source document: City of Farmington Agenda Packet 2023-01-09 (AgendaPacket)

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, ArkansasCity invests $2M in CD at First Community Bank · Dec 12, 2022$2M City of Farmington, ArkansasCity Invests $2M CD With Local Bank · Aug 8, 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 January 9, 2023. The contract value is $2,000,000.00.

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 $2,000,000.00, 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 Farmington Agenda Packet 2023-01-09 (AgendaPacket), dated January 9, 2023 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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