Town Renews Multi-Year Banking Contract With Southern Bank

The Town of Nags Head Board of Commissioners approved a multi-year renewal of its banking services contract with Southern Bank, extending the relationship through August 31, 2031. The renewed agreement establishes updated earnings credit rates, balance requirements, treasury services, and employee account benefits tailored to the Town’s financial operations.

Document date · September 1, 2026

Track Town of Nags Head contracts

Get alerts when new contracts are awarded or existing ones approach renewal at Town of Nags Head.

Get started free

Create a free account · no credit card

Work in government? Get Civic IQ free

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Through August 31, 2031 (5-year extension)

Renewal date

2031-08-31

Renewal

Contract extended for 5 years to August 31, 2031, with updated earnings credit terms, required offsetting balances, and continuation of treasury services. Includes an Earnings Credit Carryover Feature and enhanced money market bonus rate; future renewals not specified.

Document type

Agenda

Source document

Town of Nags Head Agenda 2026-09-02

Related contracts

Other contracts from Southern Bank.

View all →

Scott County Commission Agenda 2026-08-25

DISCUSSED

Scott County, MissouriAug 25, 2026

Three Rivers College AgendaPacket Board of Trustees Meeting 2026-08-26

ONGOING

Three Rivers College, MissouriAug 24, 2026

Town of Nags Head Planning Board Agenda Packet 2026-08-18

RENEWED

Town of Nags Head, North CarolinaAug 17, 2026

City of Maryville AgendaPacket 2026-08-10

ONGOING

City of Maryville, Missouri$10,723,643Aug 8, 2026

City of Maryville AgendaPacket 2026-08-10

ONGOING

City of Maryville, Missouri$300,000Aug 8, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Nags Head?

Southern Bank was awarded this financial services contract by Town of Nags Head, as recorded on September 1, 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 Town of Nags Head Agenda 2026-09-02 (Agenda), dated September 1, 2026 from Town of Nags Head. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Southern Bank hold?

Southern 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 Southern Bank's profile

What is Town of Nags Head currently buying?

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

View Town of Nags Head's profile