FINANCIAL_SERVICESAPPROVED

Town of Silver Lake Awards Financial Services Contract to Stockgrowers State Bank (April 2026)

The City of Silver Lake authorized reinvestment of CD #8 and additional funds, up to $340,000.00, in a 24‑month certificate of deposit with Stockgrowers State Bank at a 3.6% APY. This action consolidates city funds into a single investment vehicle.

Document date · April 20, 2026

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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
Not to exceed $340,000.00
Contract type
FINANCIAL_SERVICES
Contract term
24 months at 3.6% APY
Renewal date
2028-04-08
Renewal
24‑month CD investment; renewal or rollover decisions will be required at maturity.
Document type
Agenda
Source document
City of Silver Lake Governing Body Meeting Agenda April 20, 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 Town of Silver Lake?

Stockgrowers State Bank was awarded this financial services contract by Town of Silver Lake, as recorded on April 20, 2026. The contract value is Not to exceed $340,000.00.

How much is the Stockgrowers State Bank contract with Town of Silver Lake worth?

The Stockgrowers State Bank contract with Town of Silver Lake is valued at Not to exceed $340,000.00, 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 City of Silver Lake Governing Body Meeting Agenda April 20, 2026 (Agenda), dated April 20, 2026 from Town of Silver Lake. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Stockgrowers State Bank hold?

Stockgrowers State 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.

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