FINANCIAL_SERVICESAPPROVED

City of Osceola Awards Financial Services Contract to Cross Bank (December 2025)

The City of Osceola approved an agreement with Cross Bank for an unsecured one-year $1,000,000 irrevocable letter of credit, with an annual fee of $12,500, to serve in lieu of a deposit with Mississippi County Electric Cooperative. The letter of credit will be secured by surplus utility system revenues and was selected as the lowest fee proposal received.

Document date · December 15, 2025

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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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
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Scope & details

The full contract record, as filed.

Contract amount
Annual fee amount of $12,500 (1.2% of $1,000,000)
Contract type
FINANCIAL_SERVICES
Contract term
One-year irrevocable letter of credit for $1,000,000
Renewal
Resolution authorizes a one-year irrevocable letter of credit; any renewal or extension beyond the initial year would require separate future action.
Document type
Resolution
Source document
City of Osceola Resolution Authorizing the Issuance of an Irrevocable Letter of Credit 2025-12-15

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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 Osceola?

Cross Bank was awarded this financial services contract by City of Osceola, as recorded on December 15, 2025. The contract value is Annual fee amount of $12,500 (1.2% of $1,000,000).

How much is the Cross Bank contract with City of Osceola worth?

The Cross Bank contract with City of Osceola is valued at Annual fee amount of $12,500 (1.2% of $1,000,000), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Osceola Resolution Authorizing the Issuance of an Irrevocable Letter of Credit 2025-12-15 (Resolution), dated December 15, 2025 from City of Osceola. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Cross Bank hold?

Cross 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.

View Cross Bank's profile

What is City of Osceola currently buying?

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

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