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TIFA money market maintained at Southern Michigan Bank

Town of Litchfield logoTown of Litchfield
Document date
Jun 10, 2026
Term
05/01/26 through 05/31/26 @ 3.15%

The 30-second brief

What it covers

The City of Litchfield TIFA maintains a money market deposit account with Southern Michigan Bank, reporting a balance of $267,332.38 as of May 31, 2026 at a 3.15% interest rate. This reflects ongoing banking and investment services for TIFA funds.

Who holds it

Southern Michigan Bank holds this financial services contract with Town of Litchfield. Its other public contracts on record include work for Marshall Area Fire Fighters Ambulance Authority and Town of Leroy.

What happens next

Term as filed: 05/01/26 through 05/31/26 @ 3.15%.

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Contract details

Contract type
Financial Services
Document date
June 10, 2026
Term
05/01/26 through 05/31/26 @ 3.15%
Vendor
Southern Michigan Bank
Agency
Town of Litchfield
Source document
City of Litchfield TIFA Regular Meeting Agenda 2026-06-10 (Agenda)

Southern Michigan Bank's other public contracts

Marshall Area Fire Fighters Ambulance Authority, MichiganMAFFAA Approves $50,000 CD With Southern Michigan Bank · Sep 24, 2026$50KTown of Leroy, MichiganCredit Card Application Considered · Sep 10, 2026UndisclosedTown of Litchfield, MichiganSouthern Michigan Bank money market balance reported · Jun 18, 2026UndisclosedTown of Litchfield, MichiganTIFA checking account balance summarized · Jun 18, 2026UndisclosedTown of Park, MichiganTownship Approves CD Investment With Southern Michigan Bank · Jan 14, 2026All Southern Michigan Bank contractsVendor profile

More Town of Litchfield contracts

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Questions about this contract

Who was awarded the financial services contract by Town of Litchfield?

Southern Michigan Bank was awarded this financial services contract by Town of Litchfield, as recorded on June 10, 2026.

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 City of Litchfield TIFA Regular Meeting Agenda 2026-06-10 (Agenda), dated June 10, 2026 from Town of Litchfield. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Southern Michigan Bank hold?

Southern Michigan 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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