FINANCIAL_SERVICESRECOMMENDED

City Targets CD Investment with First Bank

Lyons staff recommended investing $430,000 of idle city funds in a 12‑month certificate of deposit at First Bank. The proposed investment would earn an estimated $18,382.50 in interest at a 4.25% rate over the term.

Status
RECOMMENDED
Document date
August 17, 2026
Contract type
FINANCIAL_SERVICES
Vendor
First Bank
Agency
Town of Lyon · KS

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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 amount
$430,000 principal; 4.25% 12‑month CD (estimated interest $18,382.50)
Contract type
FINANCIAL_SERVICES
Contract term
12-month certificate of deposit
Renewal
Single 12‑month CD placement of idle funds; any renewal or rollover after maturity would require a future action.
Document type
Agenda
Source document
City of Lyons Agenda 2026-08-17

Frequently asked questions

Common questions about this contract, answered from the record.

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

First Bank was awarded this financial services contract by Town of Lyon, as recorded on August 17, 2026. The contract value is $430,000 principal; 4.25% 12‑month CD (estimated interest $18,382.50).

How much is the First Bank contract with Town of Lyon worth?

The First Bank contract with Town of Lyon is valued at $430,000 principal; 4.25% 12‑month CD (estimated interest $18,382.50), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Lyons Agenda 2026-08-17 (Agenda), dated August 17, 2026 from Town of Lyon. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First Bank hold?

First 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 First Bank's profile

What is Town of Lyon currently buying?

Explore Town of Lyon's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Town of Lyon's profile

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