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FINANCIAL_SERVICESAPPROVED

Town of Midway Awards Financial Services Contract to Encore Bank (September 2026)

Midway directed staff to close its Encore Bank accounts and transfer approximately $240,000 to First National Bank. Council cited service problems, public-funds concerns, and Encore's lower 2.7% interest rate.

Document date · September 22, 2026

Issuing agencyTown of MidwayVendorEncore Bank

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract amount
Approximately $240,000 in money market and IntraFi cash sweep accounts
Contract type
FINANCIAL_SERVICES
Renewal
Accounts are to be closed and funds transferred to First National Bank; no renewal is planned.
Document type
Minutes
Source document
Town of Midway Minutes Town Council Vision Session September 22, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

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

Encore Bank was awarded this financial services contract by Town of Midway, as recorded on September 22, 2026. The contract value is Approximately $240,000 in money market and IntraFi cash sweep accounts.

How much is the Encore Bank contract with Town of Midway worth?

The Encore Bank contract with Town of Midway is valued at Approximately $240,000 in money market and IntraFi cash sweep accounts, covering financial services work.

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 Town of Midway Minutes Town Council Vision Session September 22, 2026 (Minutes), dated September 22, 2026 from Town of Midway. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Encore Bank hold?

Encore 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 Encore Bank's profile

What is Town of Midway currently buying?

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