FINANCIAL_SERVICESAPPROVED

City of Iowa Awards Financial Services Contract to First Mid Bank & Trust (September 2026)

The Council will designate First Mid Bank & Trust as an official City depository with a maximum balance of $75 million. This formalizes the bank’s role in holding City funds following its rebranding.

Status
APPROVED
Document date
September 1, 2026
Contract type
FINANCIAL_SERVICES
Vendor
First Mid Bank & Trust
Agency
City of Iowa · IA

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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
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Maximum balance $75,000,000
Contract type
FINANCIAL_SERVICES
Renewal
Depository designation remains in effect until amended by future Council action; balances must stay within the authorized cap.
Document type
Agenda
Source document
Iowa City City Council Formal Agenda 2026-09-01

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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 Iowa?

First Mid Bank & Trust was awarded this financial services contract by City of Iowa, as recorded on September 1, 2026. The contract value is Maximum balance $75,000,000.

How much is the First Mid Bank & Trust contract with City of Iowa worth?

The First Mid Bank & Trust contract with City of Iowa is valued at Maximum balance $75,000,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Iowa City City Council Formal Agenda 2026-09-01 (Agenda), dated September 1, 2026 from City of Iowa. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First Mid Bank & Trust hold?

First Mid Bank & Trust may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View First Mid Bank & Trust's profile

What is City of Iowa currently buying?

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

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