City to Move $3.2M From Grand Valley Bank Account
City of MidwayCity · Midway, UT- Disclosed value
- Approximately $3,200,000 on deposit (non-interest-bearing)
- From minutes
- Document date
- Feb 17, 2026
The 30-second brief
Midway City Council noted that about $3.2 million was held in a non-interest-bearing account at Grand Valley Bank and directed that the balance be transferred back to the Public Treasurers' Investment Fund. The discussion highlighted ongoing banking services and cash management practices with the institution.
Grand Valley Bank holds this financial services contract with City of Midway. Its other public contracts on record include work for Lower Valley Fire Protection District and Town of Collbran.
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Contract details
- Contract type
- Financial Services
- Amount
- Approximately $3,200,000 on deposit (non-interest-bearing)
- Document date
- February 17, 2026
- Vendor
- Grand Valley Bank
- Agency
- City of Midway
- Source document
- Midway City Council Regular Meeting Minutes 2026-02-17 (Minutes)
Grand Valley Bank's other public contracts
More City of Midway contracts
Questions about this contract
Who was awarded the financial services contract by City of Midway?
Grand Valley Bank was awarded this financial services contract by City of Midway, as recorded on February 17, 2026. The contract value is Approximately $3,200,000 on deposit (non-interest-bearing).
How much is the Grand Valley Bank contract with City of Midway worth?
The Grand Valley Bank contract with City of Midway is valued at Approximately $3,200,000 on deposit (non-interest-bearing), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Midway City Council Regular Meeting Minutes 2026-02-17 (Minutes), dated February 17, 2026 from City of Midway. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Grand Valley Bank hold?
Grand Valley 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.
What is City of Midway currently buying?
Explore City of Midway's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.