FINANCIAL_SERVICESAPPROVED

City of Springfield Awards Financial Services Contract to F & M Bank (July 2026)

The Springfield Library Board approved purchasing a new $60,000 certificate of deposit at F & M Bank at 3.7%, maturing January 7, 2028. The CD replaces a matured S.P. Altermatt certificate and forms part of the library's investment portfolio.

Status
APPROVED
Document date
July 15, 2026
Contract type
FINANCIAL_SERVICES
Vendor
F & M Bank
Agency
City of Springfield · MN

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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
$60,000.00 CD at 3.7%
Contract type
FINANCIAL_SERVICES
Contract term
Matures 1/7/2028
Renewal date
2028-01-07
Renewal
CD investment maturing on 2028-01-07 may be rolled over or reinvested per Library Board policy at that time.
Document type
AgendaPacket
Source document
City of Springfield Agenda Packet 2026-07-15

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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 Springfield?

F & M Bank was awarded this financial services contract by City of Springfield, as recorded on July 15, 2026. The contract value is $60,000.00 CD at 3.7%.

How much is the F & M Bank contract with City of Springfield worth?

The F & M Bank contract with City of Springfield is valued at $60,000.00 CD at 3.7%, 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 Springfield Agenda Packet 2026-07-15 (AgendaPacket), dated July 15, 2026 from City of Springfield. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does F & M Bank hold?

F & M 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.

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What is City of Springfield currently buying?

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

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