County Invests $10.7 Million Through Independent Bank

Oakland County’s investment portfolio report lists a $10,722,058 purchase from Independent Bank. The investment was purchased July 15, 2026, at 3.10% and matures July 15, 2027.

Document date · October 5, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$10,722,058 par value

Contract type

FINANCIAL_SERVICES

Contract term

July 15, 2026 – July 15, 2027

Renewal date

2027-07-15

Renewal

Investment maturity date stated; no renewal provision reported.

Document type

Agenda

Source document

Oakland County Agenda 2026-10-07

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Oakland County?

Independent Bank was awarded this financial services contract by Oakland County, as recorded on October 5, 2026. The contract value is $10,722,058 par value.

How much is the Independent Bank contract with Oakland County worth?

The Independent Bank contract with Oakland County is valued at $10,722,058 par value, covering financial services work.

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 Oakland County Agenda 2026-10-07 (Agenda), dated October 5, 2026 from Oakland County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Independent Bank hold?

Independent 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.

View Independent Bank's profile

What is Oakland County currently buying?

Explore Oakland County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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