FINANCIAL_SERVICESAPPROVED

City of Stanhope Awards Financial Services Contract to First State Bank (June 2026)

The Stanhope City Council approved adding $40,000 in Fire/EMS funds to an existing certificate of deposit at First State Bank and renewing the CD for six months at a 3.90% APY. The action consolidates Fire Department reserves into a short-term interest-bearing investment.

Status
APPROVED
Document date
June 29, 2026
Contract type
FINANCIAL_SERVICES
Vendor
First State Bank
Agency
City of Stanhope · IA

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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
$7,000.00 from Fire/EMS checking and $33,000.00 from Fire/EMS General Fund (total deposited to existing CD)
Contract type
FINANCIAL_SERVICES
Contract term
6 months at 3.90% APY
Renewal
Existing Fire Department CD at First State Bank (ending in #0339) renewed for an additional 6‑month term at 3.90% APY with added principal from Fire/EMS accounts.
Document type
Minutes
Source document
Stanhope City Council Minutes 2026-06-29

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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 Stanhope?

First State Bank was awarded this financial services contract by City of Stanhope, as recorded on June 29, 2026. The contract value is $7,000.00 from Fire/EMS checking and $33,000.00 from Fire/EMS General Fund (total deposited to existing CD).

How much is the First State Bank contract with City of Stanhope worth?

The First State Bank contract with City of Stanhope is valued at $7,000.00 from Fire/EMS checking and $33,000.00 from Fire/EMS General Fund (total deposited to existing CD), 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 Stanhope City Council Minutes 2026-06-29 (Minutes), dated June 29, 2026 from City of Stanhope. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First State Bank hold?

First 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 First State Bank's profile

What is City of Stanhope currently buying?

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

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