FINANCIAL_SERVICESONGOING

Edmond Holds $16 Million in CDARS with SpiritBank

The City of Edmond holds $16 million in insured CDARS deposits through SpiritBank as part of its pooled investments as of May 31, 2026. The CDs earn yields around 3.7–4.3% with staggered maturities into early 2027.

Status
ONGOING
Document date
May 31, 2026
Contract type
FINANCIAL_SERVICES
Vendor
SPIRITBANK
Agency
unspecified agency · OK

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TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
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Scope & details

The full contract record, as filed.

Contract amount
$16,000,000 (CDARS deposits as of 5/31/2026)
Contract type
FINANCIAL_SERVICES
Contract term
Various maturities, longest shown approximately to 3/4/2027 (277 days from 5/31/2026)
Renewal
Each CDARS placement renews or matures per its individual CD term; specific auto‑renewal provisions are not listed in the report.
Document type
Report
Source document
City of Edmond Monthly Investment Report 2026-05-31

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by unspecified agency?

SPIRITBANK was awarded this financial services contract by unspecified agency, as recorded on May 31, 2026. The contract value is $16,000,000 (CDARS deposits as of 5/31/2026).

How much is the SPIRITBANK contract with unspecified agency worth?

The SPIRITBANK contract with unspecified agency is valued at $16,000,000 (CDARS deposits as of 5/31/2026), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Edmond Monthly Investment Report 2026-05-31 (Report), dated May 31, 2026 from unspecified agency. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does SPIRITBANK hold?

SPIRITBANK 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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What is unspecified agency currently buying?

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

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