FINANCIAL_SERVICESRENEWED

City Renews $53K CD With Independence Bank

The Druid Hills City Commission renewed a certificate of deposit of about $53,000 with Independence Bank for a 5‑month term at 3.5% interest, effective around March 11, 2026. Commissioners chose this option over moving the funds into the City’s savings account.

Status
RENEWED
Document date
March 9, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Independence Bank
Agency
City of Druid Hills · KY

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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
about $53,000
Contract type
FINANCIAL_SERVICES
Contract term
5 months at 3.5% beginning March 11, 2026
Renewal date
2026-08-11
Renewal
Single 5‑month renewal of an existing certificate of deposit at 3.5% interest, maturing around August 11, 2026.
Document type
Minutes
Source document
Druid Hills City Commission Meeting Minutes March 9, 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 Druid Hills?

Independence Bank was awarded this financial services contract by City of Druid Hills, as recorded on March 9, 2026. The contract value is about $53,000.

How much is the Independence Bank contract with City of Druid Hills worth?

The Independence Bank contract with City of Druid Hills is valued at about $53,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Druid Hills City Commission Meeting Minutes March 9, 2026 (Minutes), dated March 9, 2026 from City of Druid Hills. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Independence Bank hold?

Independence 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 Independence Bank's profile

What is City of Druid Hills currently buying?

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

View City of Druid Hills's profile

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