Merchants Bank Money Market Holds IPS Cash Reserves

Merchants Bank of Indiana provides a money market deposit account for Indianapolis Public Schools, earning 3.670% and holding over $78 million at June 30, 2026. The account functions as a key cash equivalent investment for the district.

Document date · June 3, 2026

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Document type

Report

Source document

Indianapolis Public Schools Treasurer's Report: Cash & Investments 2026-06-03

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Frequently asked questions

Common questions about this contract, answered from the record.

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 June 3, 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 2026-06-03 (Report), dated June 3, 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.

View Merchants Bank of Indiana's profile

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