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IPS Maintains Money Market with Merchants Bank of Indiana

Indianapolis Public Schools logoIndianapolis Public Schools
Document date
Mar 6, 2026

The 30-second brief

What it covers

Indianapolis Public Schools holds a large money market balance with Merchants Bank of Indiana at a 3.670% rate as of February 2026. The account serves as a key cash equivalent investment vehicle for the district.

Who holds it

Merchants Bank of Indiana holds this financial services contract with Indianapolis Public Schools. Its other public contracts on record include work for Iowa Finance Authority.

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Contract details

Contract type
Financial Services
Document date
March 6, 2026
Vendor
Merchants Bank of Indiana
Agency
Indianapolis Public Schools
Source document
Indianapolis Public Schools Treasurer's Report: Cash & Investments 2026-03-06 (Report)

Merchants Bank of Indiana's other public contracts

Indianapolis Public Schools, IndianaIPS Money Market Account Holds $65.66 Million · Aug 31, 2026UndisclosedIndianapolis Public Schools, IndianaIPS Invests Cash in Merchants Money Market · Aug 6, 2026Indianapolis Public Schools, IndianaMerchants Bank Money Market Holds IPS Cash Reserves · Jun 3, 2026UndisclosedIowa Finance Authority, IowaWindsor Pointe Bond Loan Amended With Merchants Bank · Jun 3, 2026Iowa Finance Authority, IowaAuthority Approves Merchants Bank Bond Amendment · Jun 3, 2026All Merchants Bank of Indiana contractsVendor profile

More Indianapolis Public Schools contracts

Pep IncIPS Transfers School Property to PEP · Oct 27, 2026Jhat IncIPS Transfers Susan Leach Building to JHAT · Oct 27, 2026R. Chavez ConstructionR. Chavez Multiple Schools Athletics Contract Amended · Oct 1, 2026$14.7MFairchild CommunicationsFairchild Communications Emma Donnan Payment · Oct 1, 2026$4KFairchild CommunicationsFairchild Communications Multi-Schools PA Payment · Oct 1, 2026$203.6KAll Indianapolis Public Schools activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Indianapolis Public Schools?

Merchants Bank of Indiana was awarded this financial services contract by Indianapolis Public Schools, as recorded on March 6, 2026.

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 Indianapolis Public Schools Treasurer's Report: Cash & Investments 2026-03-06 (Report), dated March 6, 2026 from Indianapolis Public Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Merchants Bank of Indiana hold?

Merchants Bank of Indiana 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 Indianapolis Public Schools currently buying?

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

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