FINANCIAL_SERVICESAPPROVED

Town of Kimball Awards $1,500,000 Financial Services Contract to Tower Community Bank (August 2025)

Kimball approved placing $1,500,000 in 6‑month certificates of deposit with Tower Community Bank at a 4.25% rate. Funds will be split between the General Fund and Sewer Fund.

Status
APPROVED
Document date
August 7, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Tower Community Bank
Agency
Town of Kimball · TN

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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
$1,500,000
Contract type
FINANCIAL_SERVICES
Contract term
6 months
Renewal
Single 6‑month CD placement; future renewals or rollovers would require subsequent board action.
Document type
Minutes
Source document
town-of-kimball-board-meeting-minutes-august-7-2025_279.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 Town of Kimball?

Tower Community Bank was awarded this financial services contract by Town of Kimball, as recorded on August 7, 2025. The contract value is $1,500,000.

How much is the Tower Community Bank contract with Town of Kimball worth?

The Tower Community Bank contract with Town of Kimball is valued at $1,500,000, 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 town-of-kimball-board-meeting-minutes-august-7-2025_279.pdf (Minutes), dated August 7, 2025 from Town of Kimball. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Tower Community Bank hold?

Tower Community 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 Tower Community Bank's profile

What is Town of Kimball currently buying?

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

View Town of Kimball's profile

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