FINANCIAL_SERVICESAPPROVED

City of Robert Lee Awards Financial Services Contract to First National Bank of Ballinger (October 2025)

The City of Robert Lee authorized investing $735,000 of municipal funds into 3-, 6-, and 12-month certificates of deposit with The First National Bank of Ballinger. The council selected the bank after reviewing local APR offerings and unanimously approved the investment strategy.

Status
APPROVED
Document date
October 23, 2025
Contract type
FINANCIAL_SERVICES
Vendor
First National Bank of Ballinger
Agency
City of Robert Lee · TX

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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
$735,000 total invested in CDs
Contract type
FINANCIAL_SERVICES
Contract term
3-month, 6-month, and 12-month CD terms
Renewal date
2026-10-23
Renewal
CD investments are laddered at 3-, 6-, and 12-month terms and will mature on a rolling basis; renewals or reinvestment decisions will occur at each maturity date.
Document type
Minutes
Source document
city_of_robert_lee_council_minutes_october_23_2025.pdf

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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 Robert Lee?

First National Bank of Ballinger was awarded this financial services contract by City of Robert Lee, as recorded on October 23, 2025. The contract value is $735,000 total invested in CDs.

How much is the First National Bank of Ballinger contract with City of Robert Lee worth?

The First National Bank of Ballinger contract with City of Robert Lee is valued at $735,000 total invested in CDs, 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 city_of_robert_lee_council_minutes_october_23_2025.pdf (Minutes), dated October 23, 2025 from City of Robert Lee. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First National Bank of Ballinger hold?

First National Bank of Ballinger 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 First National Bank of Ballinger's profile

What is City of Robert Lee currently buying?

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

View City of Robert Lee's profile

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