Council Considers Depository Contract With Local Bank

The Seadrift City Council will consider approval of a depository contract and pledge agreement with First National Bank in Port Lavaca, Texas, following expiration of the prior two-year agreement on July 31, 2026. This action would designate the bank to handle city deposits and related financial services for a new term.

Document date · August 11, 2026

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Two-year contract, expired July 31, 2026

Renewal

Existing two-year depository contract with First National Bank expired July 31, 2026; council may approve a new agreement and pledge arrangement for a subsequent term.

Document type

Agenda

Source document

City of Seadrift City Council Meeting Agenda 2026-08-11

Related contracts

Other contracts from First National Bank Port Lavaca Texas.

View all →

City of Seadrift Agenda Budget Workshop, Public Hearing, and Regular Meeting 2026-08-11

PENDING

City of Seadrift, TexasAug 11, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

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

First National Bank Port Lavaca Texas was awarded this financial services contract by City of Seadrift, as recorded on August 11, 2026.

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 Seadrift City Council Meeting Agenda 2026-08-11 (Agenda), dated August 11, 2026 from City of Seadrift. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First National Bank Port Lavaca Texas hold?

First National Bank Port Lavaca Texas 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 First National Bank Port Lavaca Texas's profile

What is City of Seadrift currently buying?

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

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