FINANCIAL_SERVICESAPPROVED

Town of Silver Lake Awards Financial Services Contract to Stockgrowers State Bank (April 2026)

The Silver Lake City Council approved investing up to $340,000.00, combining CD #8 and Money Market funds, in a 24‑month certificate of deposit at 3.6% APY with Stockgrowers State Bank. The investment authorization was adopted unanimously.

Document date · April 6, 2026

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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
Not to exceed $340,000.00
Contract type
FINANCIAL_SERVICES
Contract term
24 months at an APY of 3.6%
Renewal
CD reinvestment approved for a 24‑month term; renewal or rollover options at maturity are not specified in the minutes.
Document type
Minutes
Source document
Town of Silver Lake Council Meeting Minutes April 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 Town of Silver Lake?

Stockgrowers State Bank was awarded this financial services contract by Town of Silver Lake, as recorded on April 6, 2026. The contract value is Not to exceed $340,000.00.

How much is the Stockgrowers State Bank contract with Town of Silver Lake worth?

The Stockgrowers State Bank contract with Town of Silver Lake is valued at Not to exceed $340,000.00, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Town of Silver Lake Council Meeting Minutes April 2026 (Minutes), dated April 6, 2026 from Town of Silver Lake. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Stockgrowers State Bank hold?

Stockgrowers State 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 Stockgrowers State Bank's profile

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