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Farmers Bank CD Options Considered by City

City of Gallatin
Document date
May 27, 2025

The 30-second brief

What it covers

Gallatin’s Board reviewed WA/SW CD investment rate options from Farmers Bank, comparing them with other banks, but chose to cash out the existing CD and hold funds in the WA/SW account. No new CD contract was initiated with Farmers Bank.

Who holds it

Farmers Bank holds this financial services contract with City of Gallatin. Its other public contracts on record include work for Ohio Hi-Point Career Center and City of Clearwater.

What happens next

Term as filed: CD rate options presented: 6, 9, 12, and 18 months at 4.15%, 4.15%, 4.05%, and 4.00% respectively.

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Contract details

Contract type
Financial Services
Document date
May 27, 2025
Term
CD rate options presented: 6, 9, 12, and 18 months at 4.15%, 4.15%, 4.05%, and 4.00% respectively
Vendor
Farmers Bank
Agency
City of Gallatin
Source document
city-of-gallatin-regular-meeting-minutes-may-27-2025_50e.pdf (Minutes)

Farmers Bank's other public contracts

Ohio Hi-Point Career Center, OhioBoard Reviews Farmers Bank Interest Income · Oct 24, 2026$25.2City of Clearwater, KansasClearwater Approves Farmers Bank Payment · Oct 13, 2026$7.5KTown of Oil Creek, PennsylvaniaCemetery CD Close-Out Listed With Farmers Bank · Sep 24, 2026$61.6KTown of Oil Creek, PennsylvaniaSewer CD Close-Out Listed With Farmers Bank · Sep 24, 2026$128.3KCity of Clearwater, KansasClearwater Pays Farmers Bank $7,513.56 · Sep 22, 2026$7.5KAll Farmers Bank contractsVendor profile

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Questions about this contract

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

Farmers Bank was awarded this financial services contract by City of Gallatin, as recorded on May 27, 2025.

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 city-of-gallatin-regular-meeting-minutes-may-27-2025_50e.pdf (Minutes), dated May 27, 2025 from City of Gallatin. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Farmers Bank hold?

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

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