FINANCIAL_SERVICESRATIFIED

$518,948 CDARS Investment Ratified with Mercantile Bank

Alma Commission ratified a $518,948, 6-month CDARS investment at Mercantile Bank, at 3.45% interest.

Status
RATIFIED
Document date
February 24, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Mercantile Bank
Agency
City of Alma · MI

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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
$518,948
Contract type
FINANCIAL_SERVICES
Contract term
2/18/2026 – 8/19/2026 (CDARS, 6 months)
Renewal date
2026-08-19
Renewal
Investment subject to renewal or reinvestment at maturity per city policy.
Document type
AgendaPacket
Source document
City of Alma Commission Meeting Agenda Packet February 2026

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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 Alma?

Mercantile Bank was awarded this financial services contract by City of Alma, as recorded on February 24, 2026. The contract value is $518,948.

How much is the Mercantile Bank contract with City of Alma worth?

The Mercantile Bank contract with City of Alma is valued at $518,948, 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 Alma Commission Meeting Agenda Packet February 2026 (AgendaPacket), dated February 24, 2026 from City of Alma. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Mercantile Bank hold?

Mercantile 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 Mercantile Bank's profile

What is City of Alma currently buying?

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

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