CONTRACTONGOING

District Holds $245K Veritex CD at 4.15 Percent

Disclosed value: $245,000.00; From minutes
Document date: Feb 2, 2026

What it covers

Magnolia Pointe Municipal Utility District No. 1 holds a $245,000 certificate of deposit with Veritex in its Road Debt Service Fund. The CD runs from August 22, 2025 to February 20, 2026 at a 4.15% interest rate.

Who holds it

VERITEX holds this financial services contract with Magnolia Pointe Mud 1. Its other public contracts on record include work for Ace Leadership High School and Ponderosa Forest Utility District.

What happens next

Term as filed: Certificate of deposit dated 8/22/25 due 2/20/26 at 4.15%.

See who signed off on this $245K contract.

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Contract details

Contract type: Financial Services
Amount: $245,000.00
Document date: February 2, 2026
Term: Certificate of deposit dated 8/22/25 due 2/20/26 at 4.15%
Vendor: VERITEX
Agency: Magnolia Pointe Mud 1
Source document: Magnolia Pointe MUD 1 Board of Directors Meeting Minutes February 2026 (Minutes)

VERITEX's other public contracts

Ace Leadership High School, New MexicoBoard Renews Veritex Business Manager Contract · Jun 24, 2026 Ponderosa Forest Utility District, TexasDistrict Transfers CD Previously Held at Veritex · Nov 20, 2025Undisclosed THE LAKES FWSD OF DENTON COUNTY, TexasDistrict Reports Veritex Road Debt CD · Mar 18, 2025$450K THE LAKES FWSD OF DENTON COUNTY, TexasDistrict Reports $800,000 Veritex Debt Service CD · Feb 25, 2025$800K Palmer Plantation Mud 1, TexasVeritex CD Investment Approved for Palmer Plantation · Feb 19, 2025Undisclosed All VERITEX contractsVendor profile

More Magnolia Pointe Mud 1 contracts

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Questions about this contract

Who was awarded the financial services contract by Magnolia Pointe Mud 1?

VERITEX was awarded this financial services contract by Magnolia Pointe Mud 1, as recorded on February 2, 2026. The contract value is $245,000.00.

How much is the VERITEX contract with Magnolia Pointe Mud 1 worth?

The VERITEX contract with Magnolia Pointe Mud 1 is valued at $245,000.00, 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 Magnolia Pointe MUD 1 Board of Directors Meeting Minutes February 2026 (Minutes), dated February 2, 2026 from Magnolia Pointe Mud 1. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does VERITEX hold?

VERITEX may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Magnolia Pointe Mud 1 currently buying?

Explore Magnolia Pointe Mud 1's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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