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FINANCIAL_SERVICESONGOING

city_council_meeting_agenda_august_18_2025.pdf

Independent Financial Bank Merges With South State Bank

City of FateINDEPENDENT FINANCIALAugust 18, 2025

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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

Description

Independent Financial, the City of Fate’s banking partner, merged with South State Bank effective June 2, 2025. The merger affects the branding and structure of the City’s depository services.

Contract Details

Vendor

INDEPENDENT FINANCIAL

Agency

City of Fate, TX

Contract Type

FINANCIAL_SERVICES

Document Date

August 18, 2025

Contract Term

Ongoing banking relationship; merger effective June 2, 2025

Renewal Info

Existing banking relationship continues under merged entity; no explicit renewal action documented.

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