FINANCIAL_SERVICESRENEWED

City Renews $2M in CDs at Peoples Bank & Trust

The City of McPherson renewed two $1 million 12‑month certificates of deposit at Peoples Bank & Trust at a 3.70% interest rate, with total CDs at the bank reaching $3.5 million as of March 31, 2026. These renewals are part of the City's diversified investment holdings.

Status
RENEWED
Document date
April 21, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Peoples Bank & Trust
Agency
City of McPherson · KS

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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
Two (2) $1,000,000 12‑month CDs renewed at 3.70%; total CDs $3,500,000.00
Contract type
FINANCIAL_SERVICES
Contract term
12 months for renewed CDs
Renewal
Two existing 12‑month CDs maturing in Q1 2026 were renewed for another 12 months at a 3.70% interest rate.
Document type
Minutes
Source document
City of McPherson Commission Meeting Minutes April 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 City of McPherson?

Peoples Bank & Trust was awarded this financial services contract by City of McPherson, as recorded on April 21, 2026. The contract value is Two (2) $1,000,000 12‑month CDs renewed at 3.70%; total CDs $3,500,000.00.

How much is the Peoples Bank & Trust contract with City of McPherson worth?

The Peoples Bank & Trust contract with City of McPherson is valued at Two (2) $1,000,000 12‑month CDs renewed at 3.70%; total CDs $3,500,000.00, 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 City of McPherson Commission Meeting Minutes April 2026 (Minutes), dated April 21, 2026 from City of McPherson. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Peoples Bank & Trust hold?

Peoples Bank & Trust 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 Peoples Bank & Trust's profile

What is City of McPherson currently buying?

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

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