Civic IQ
FINANCIAL_SERVICESDISCUSSSED

Port Reconsiders 1st Security Bank Credit Card Arrangement

The Port of Nehalem discussed its 1st Security Bank credit card arrangement, which requires a $10,000 minimum checking balance, and is exploring cancellation due to low usage. Staff will ask the bank about using a high-yield savings account to provide overdraft coverage instead.

Document date · June 24, 2026

Issuing agencyPort Of NehalemVendor1st Security Bank

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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 type
FINANCIAL_SERVICES
Contract term
Credit cards requiring $10,000 minimum checking balance; potential shift to high-yield savings overdraft coverage
Renewal
Existing credit card relationship under review; potential termination and renegotiation of overdraft coverage terms are being explored.
Document type
Minutes
Source document
Port of Nehalem Board Meeting Minutes 2026-06-24

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Port Of Nehalem?

1st Security Bank was awarded this financial services contract by Port Of Nehalem, as recorded on June 24, 2026.

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 Port of Nehalem Board Meeting Minutes 2026-06-24 (Minutes), dated June 24, 2026 from Port Of Nehalem. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does 1st Security Bank hold?

1st Security 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.

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