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Board Ratifies $1M CDARS Investment

City of Tallmadge logoCity of Tallmadge
Disclosed value
$1,000,000
From agenda
Document date
Aug 13, 2026
Term
52 weeks, maturing August 12, 2027
Renews
Free account

The 30-second brief

What it covers

The Investment Board will ratify the purchase of a $1,000,000 CDARS from Tristate Capital Bank, maturing in 52 weeks at a 4.01% interest rate on August 12, 2027. This action confirms an investment in a fixed-term banking product for cash management and income generation.

Who holds it

Tristate Capital Bank holds this financial services contract with City of Tallmadge. Its other public contracts on record include work for Bigfork Valley Hospital and Township of West Windsor.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every City of Tallmadge contract.

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Contract details

Contract type
Financial Services
Amount
$1,000,000
Document date
August 13, 2026
Term
52 weeks, maturing August 12, 2027
Renews
Free account
Vendor
Tristate Capital Bank
Agency
City of Tallmadge
Source document
Investment Board Agenda 2026-08-13 (Agenda)

Tristate Capital Bank's other public contracts

City of Tallmadge, OhioInvestment Board Ratifies CDARS Purchase from Tristate Capital · Oct 22, 2026$ 5000,000City of Tallmadge, OhioBoard Ratifies $500K Two-Year CDARS Purchase · Aug 13, 2026$500KCity of Tallmadge, OhioBoard Ratifies CDARS Purchase with Tristate Capital · Jul 24, 2026$500KBigfork Valley Hospital, MinnesotaBoard Approves $1 Million Line of Credit with TriState · Mar 31, 2026Township of West Windsor, New JerseyTriState Capital Bank Designated as Depository for 2026 · Jan 15, 2026UndisclosedAll Tristate Capital Bank contractsVendor profile

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Questions about this contract

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

Tristate Capital Bank was awarded this financial services contract by City of Tallmadge, as recorded on August 13, 2026. The contract value is $1,000,000.

How much is the Tristate Capital Bank contract with City of Tallmadge worth?

The Tristate Capital Bank contract with City of Tallmadge is valued at $1,000,000, 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 Investment Board Agenda 2026-08-13 (Agenda), dated August 13, 2026 from City of Tallmadge. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Tristate Capital Bank hold?

Tristate Capital 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 Tallmadge currently buying?

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

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