FINANCIAL_SERVICESDISCUSSED

City Discusses Investment Strategy With Bank

City staff discussed its ongoing fixed income investment strategy with Maquoketa State Bank. The arrangement involves monthly $2,000,000 purchases in 3-month T-Bills and sweep account interest, with a possible future special 3-month CD for city funds.

Document date · September 9, 2026

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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
monthly $2,000,000 purchases
Contract type
FINANCIAL_SERVICES
Contract term
ongoing; 3-month T-Bill investing; discussed for future fixed income sheltering product
Renewal
Ongoing cash management and fixed income investing relationship; future product consideration discussed, but no renewal or expiration date stated.
Document type
Agenda
Source document
City of Maquoketa Agenda Finance & Personnel Committee Meeting 2026-09-09

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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 Maquoketa?

Maquoketa State Bank was awarded this financial services contract by City of Maquoketa, as recorded on September 9, 2026. The contract value is monthly $2,000,000 purchases.

How much is the Maquoketa State Bank contract with City of Maquoketa worth?

The Maquoketa State Bank contract with City of Maquoketa is valued at monthly $2,000,000 purchases, 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 City of Maquoketa Agenda Finance & Personnel Committee Meeting 2026-09-09 (Agenda), dated September 9, 2026 from City of Maquoketa. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Maquoketa State Bank hold?

Maquoketa State 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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