FINANCIAL_SERVICESRECOMMENDED

District Recommends Midwest Bank CDARS Investment

The Finance Committee recommended reinvesting the district’s maturing Midwest Bank CDARS certificates of deposit and adding $500,000 from its Midwest savings account. The proposed investment has a 12-month term and 4.15% APY.

Document date · September 21, 2026

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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
$500,000.00 additional investment; 4.15% APY
Contract type
FINANCIAL_SERVICES
Contract term
12 months
Renewal date
2027-09-21
Renewal
12-month certificate-of-deposit investment; reinvestment of maturing certificates was recommended, but automatic renewal terms were not stated.
Document type
Agenda
Source document
INDEPENDENT SCHOOL DISTRICT #22 Agenda Finance Committee Meeting September 21 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 Detroit Lakes Public School District?

Midwest Bank was awarded this financial services contract by Detroit Lakes Public School District, as recorded on September 21, 2026. The contract value is $500,000.00 additional investment; 4.15% APY.

How much is the Midwest Bank contract with Detroit Lakes Public School District worth?

The Midwest Bank contract with Detroit Lakes Public School District is valued at $500,000.00 additional investment; 4.15% APY, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in INDEPENDENT SCHOOL DISTRICT #22 Agenda Finance Committee Meeting September 21 2026 (Agenda), dated September 21, 2026 from Detroit Lakes Public School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Midwest Bank hold?

Midwest 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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