CONTRACTAPPROVED

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

Disclosed value: Maximum balance $75,000,000; From agenda
Approved: Sep 1, 2026

What it covers

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.

Who holds it

First Mid Bank & Trust holds this financial services contract with City of Iowa. Its other public contracts on record include work for McLean County and Floyd County.

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Contract details

Contract type: Financial Services
Amount: Maximum balance $75,000,000
Document date: September 1, 2026
Vendor: First Mid Bank & Trust
Agency: City of Iowa
Source document: Iowa City City Council Formal Agenda 2026-09-01 (Agenda)

First Mid Bank & Trust's other public contracts

McLean County, IllinoisCounty Reports First Mid Bank Certificate · Sep 9, 2026$200K Floyd County, IowaFirst Mid Bank & Trust named county depository · Jun 9, 2026Undisclosed Housing Authority of the city of Columbia, MO, MissouriCHA Increases Line of Credit with First Mid Bank · May 20, 2026 Belvidere Park District, IllinoisDistrict maintains sweep account at First Mid Bank & Trust · Apr 14, 2026Undisclosed Hammond village, IllinoisVillage Moves Reserve Debt CD to First Mid Bank · Apr 14, 2026Undisclosed All First Mid Bank & Trust contractsVendor profile

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Questions about this contract

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.

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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.

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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