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City of Montevallo Awards $500,000 Financial Services Contract to Central State Bank (August 2026)

City of Montevallo logoCity of Montevallo
Disclosed value
$500,000
From minutes
Approved
Aug 17, 2026
Term
Six months
Renews
Free account

The 30-second brief

What it covers

The Montevallo Development Cooperative District approved a $500,000 certificate-of-deposit investment with Central State Bank. The CD will have a six-month term and will be funded from district reserves.

Who holds it

Central State Bank holds this financial services contract with City of Montevallo. Its other public contracts on record include work for Town of New Site and Dallas County.

What happens next

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Contract details

Contract type
Financial Services
Amount
$500,000
Document date
August 17, 2026
Term
Six months
Renews
On record
Vendor
Central State Bank
Agency
City of Montevallo
Source document
Montevallo Development Cooperative District Minutes Regular Meeting August 17, 2026 (Minutes)

Central State Bank's other public contracts

City of Montevallo, AlabamaFinance Committee Discusses Central State Bank CDs · Oct 27, 2026UndisclosedCity of Montevallo, AlabamaDistrict Continues Automatic Deposits Through Central State Bank · Sep 14, 2026Town of New Site, AlabamaConstruction Loan Closed with Central State Bank · Sep 8, 2026UndisclosedDallas County, IowaCentral State Bank Receives $20M Deposit Authority · Aug 11, 2026$20MDallas County, IowaCentral State Bank Approved As County Depository · Aug 11, 2026$20MAll Central State Bank contractsVendor profile

More City of Montevallo contracts

Turf Grass Specialists LLCTurf Grass Specialists Proposal Recommended for Fields · Nov 7, 2026$12.3KB&b Construction GroupB&B Construction Group Recommended for Mahler Restoration · Nov 7, 2026UndisclosedMontevallo Historical SocietyMontevallo Considers Historical Society MOU Renewal · Nov 7, 2026UndisclosedTRUSTMARKFinance Committee Discusses Trustmark CDs · Oct 27, 2026UndisclosedCentral State BankFinance Committee Discusses Central State Bank CDs · Oct 27, 2026UndisclosedAll City of Montevallo activityAgency profile

Questions about this contract

Who was awarded the financial services contract by City of Montevallo?

Central State Bank was awarded this financial services contract by City of Montevallo, as recorded on August 17, 2026. The contract value is $500,000.

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

The Central State Bank contract with City of Montevallo is valued at $500,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Montevallo Development Cooperative District Minutes Regular Meeting August 17, 2026 (Minutes), dated August 17, 2026 from City of Montevallo. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Central State Bank hold?

Central 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.

What is City of Montevallo currently buying?

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

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