Civic IQ
FINANCIAL_SERVICESRENEWED

Southern Bank Banking Services Renewed for Five Years

The Board of Commissioners approved a five-year renewal of banking services with Southern Bank. The contract extends through August 31, 2031 and updates treasury-service terms and deposit requirements.

Document date · September 2, 2026

Issuing agencyTown of Nags HeadVendorSouthern Bank

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TerraCycle logo
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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
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
Through August 31, 2031 (5-year extension from August 5, 2026 approval date)
Renewal date
2031-08-31
Renewal
Five-year renewal/extension approved on August 5, 2026. New or updated terms include a 0.65% earnings credit rate, $2,000,000 offsetting balances, carryover feature, continued treasury services, an added X937 File service, and a 0.30% bonus rate on balances over $1,000,000 in the money market savings account.
Document type
Agenda
Source document
Town of Nags Head Agenda 2026-09-02

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Three Rivers College AgendaPacket Board of Trustees Meeting 2026-08-26
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Town of Nags Head, North CarolinaAug 17, 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 2, 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 2, 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?

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