County Tax Receipts Account At Cumberland Bank & Trust

Montgomery County utilizes Cumberland Bank & Trust for a tax receipts account with over $510,000 invested at a 1.25% APY per the February interest report. This reflects an ongoing depository banking arrangement for county tax collections.

Document date · April 13, 2020

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Renewal

Open-ended depository relationship; no specific maturity indicated, with continuation subject to county banking arrangements.

Document type

Agenda

Source document

montgomery-county-agenda-2020-04-13_2b6.pdf

Related contracts

Other contracts from Cumberland Bank & Trust.

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Montgomery County Agenda Packet 2026-10-05

ONGOING

Montgomery County, Tennessee$2,610,125.91 total invested; $7,856.71 interestOct 5, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Montgomery County?

Cumberland Bank & Trust was awarded this financial services contract by Montgomery County, as recorded on April 13, 2020.

What type of contract is this?

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

Where was this contract approved?

This contract appears in montgomery-county-agenda-2020-04-13_2b6.pdf (Agenda), dated April 13, 2020 from Montgomery County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Cumberland Bank & Trust hold?

Cumberland Bank & Trust 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 Cumberland Bank & Trust's profile

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