FINANCIAL_SERVICESAPPROVED

City of Muscatine Awards $225,000 Financial Services Contract to Cbi Bank & Trust (July 2026)

Muscatine County approved a $225,000 General Obligation County Purpose Note with CBI Bank & Trust at 3.75% interest to fund construction of a satellite building for the County Engineer’s Office. The loan will be repaid over five annual installments from 2027 through 2031.

Status
APPROVED
Document date
July 21, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Cbi Bank & Trust
Agency
City of Muscatine · IA

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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
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$225,000
Contract type
FINANCIAL_SERVICES
Contract term
Loan dated July 27, 2026 with principal payments 2027–2031
Renewal date
2031-06-01
Renewal
Fixed-term general obligation note with scheduled principal payments through June 1, 2031; not subject to renewal, but may be prepaid at par plus interest.
Document type
AgendaPacket
Source document
City of Muscatine AgendaPacket City Council Meeting 2026-07-21

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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 Muscatine?

Cbi Bank & Trust was awarded this financial services contract by City of Muscatine, as recorded on July 21, 2026. The contract value is $225,000.

How much is the Cbi Bank & Trust contract with City of Muscatine worth?

The Cbi Bank & Trust contract with City of Muscatine is valued at $225,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Muscatine AgendaPacket City Council Meeting 2026-07-21 (AgendaPacket), dated July 21, 2026 from City of Muscatine. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Cbi Bank & Trust hold?

Cbi Bank & Trust 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 Cbi Bank & Trust's profile

What is City of Muscatine currently buying?

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

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