CONTRACTAPPROVED

City of Sault Ste. Marie Awards Financial Services Contract to NICOLET (January 2026)

Disclosed value: 50% of trust funds at 4.25% interest (amount not specified); From agenda
Approved: Jan 27, 2026
Term: 1 year

What it covers

The Seal Estate Trustees approved depositing half of trust funds with Nicolet for one year at a 4.25% interest rate. The other half was allocated to Michigan Class. Action was approved by board vote.

Who holds it

NICOLET holds this financial services contract with City of Sault Ste. Marie. Its other public contracts on record include work for Town of Scott and Alcona County.

What happens next

Term as filed: 1 year.

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Contract details

Contract type: Financial Services
Amount: 50% of trust funds at 4.25% interest (amount not specified)
Document date: January 27, 2026
Term: 1 year
Vendor: NICOLET
Agency: City of Sault Ste. Marie
Source document: Seal Estate Trustees Meeting Agenda January 2026 (Agenda)

NICOLET's other public contracts

Town of Scott, WisconsinUtility Loan With Nicolet Nears Maturity · Oct 19, 2026$293.7K Alcona County, MichiganNicolet approved as county funds depository · Jul 17, 2026Undisclosed Town of Union, WisconsinTown References Prior Banking with Nicolet · Jul 8, 2026Undisclosed Town of Nasewaupee, WisconsinTown Closes Most Nicolet Accounts, Keeps CD · Jun 18, 2026Undisclosed Town of Wilson, MichiganTownship Transfers Funds Between Bank Accounts · Jun 10, 2026Undisclosed All NICOLET contractsVendor profile

More City of Sault Ste. Marie contracts

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Questions about this contract

Who was awarded the financial services contract by City of Sault Ste. Marie?

NICOLET was awarded this financial services contract by City of Sault Ste. Marie, as recorded on January 27, 2026. The contract value is 50% of trust funds at 4.25% interest (amount not specified).

How much is the NICOLET contract with City of Sault Ste. Marie worth?

The NICOLET contract with City of Sault Ste. Marie is valued at 50% of trust funds at 4.25% interest (amount not specified), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Seal Estate Trustees Meeting Agenda January 2026 (Agenda), dated January 27, 2026 from City of Sault Ste. Marie. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does NICOLET hold?

NICOLET may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Sault Ste. Marie currently buying?

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

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