FINANCIAL_SERVICESAPPROVED

City of Houston Awards $269,000 Financial Services Contract to First Independent Bank (October 2026)

Houston approved a $269,000 loan from First Independent Bank to finance non-utility costs of the 2026 Street & Utility Improvement Project. The note carries 4.40% annual interest and matures February 1, 2042.

Document date · October 13, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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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
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Scope & details

The full contract record, as filed.

Contract amount
$269,000
Contract type
FINANCIAL_SERVICES
Contract term
October 1, 2026 – February 1, 2042; 4.40% annual interest
Renewal date
2042-02-01
Renewal
Fixed-term loan; prepayable in whole or in part beginning February 1, 2036.
Document type
AgendaPacket
Source document
City of Houston AgendaPacket Regular Council Meeting 2026-10-13

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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 Houston?

First Independent Bank was awarded this financial services contract by City of Houston, as recorded on October 13, 2026. The contract value is $269,000.

How much is the First Independent Bank contract with City of Houston worth?

The First Independent Bank contract with City of Houston is valued at $269,000, 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 Houston AgendaPacket Regular Council Meeting 2026-10-13 (AgendaPacket), dated October 13, 2026 from City of Houston. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First Independent Bank hold?

First Independent 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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