FINANCIAL_SERVICESRENEWED

EDA Renews 12-Month CD With Cornerstone Bank

The Rockbridge County Economic Development Authority voted unanimously to renew its expiring certificate of deposit with Cornerstone Bank for a 12‑month term at 4% APY. Staff had reviewed competitive CD rates at multiple local financial institutions before determining Cornerstone offered the highest rates.

Status
RENEWED
Document date
August 17, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Cornerstone Bank
Agency
Rockbridge County · VA

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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
12-month term at 4% APY
Renewal
Existing CD with Cornerstone Bank renewed for an additional 12 months at 4% APY; early withdrawal penalty applies on the 12‑month CD but not on the 36‑month CD option as noted in the rate comparison document.
Document type
Minutes
Source document
Rockbridge County Economic Development Authority Minutes 2026-08-17

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Rockbridge County?

Cornerstone Bank was awarded this financial services contract by Rockbridge County, as recorded on August 17, 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 Rockbridge County Economic Development Authority Minutes 2026-08-17 (Minutes), dated August 17, 2026 from Rockbridge County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Cornerstone Bank hold?

Cornerstone 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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What is Rockbridge County currently buying?

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

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