FINANCIAL_SERVICESONGOING

Library Maintains Major Banking Relationship With UMB

Kansas City Public Library continues to utilize UMB for its primary checking and investment accounts, holding $38.6 million in cash and investments at the institution. The investment account is currently earning a 4.2% interest rate.

Document date · May 19, 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
$27 million in the UMB checking account, $11.6 million in the UMB investment account
Contract type
FINANCIAL_SERVICES
Renewal
No explicit contract term or renewal provisions were discussed; banking and investment services appear to be ongoing relationships subject to future board and administrative review.
Document type
Minutes
Source document
Kansas City Public Library Board of Trustees Regular Meeting Minutes 2026-05-19

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Kansas City Public Library?

UMB was awarded this financial services contract by Kansas City Public Library, as recorded on May 19, 2026. The contract value is $27 million in the UMB checking account, $11.6 million in the UMB investment account.

How much is the UMB contract with Kansas City Public Library worth?

The UMB contract with Kansas City Public Library is valued at $27 million in the UMB checking account, $11.6 million in the UMB investment account, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Kansas City Public Library Board of Trustees Regular Meeting Minutes 2026-05-19 (Minutes), dated May 19, 2026 from Kansas City Public Library. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does UMB hold?

UMB 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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