FINANCIAL_SERVICESAPPROVED

Town of Orrock Awards $250,000 Financial Services Contract to Sherburne State Bank (August 2026)

Orrock Township authorized a $250,000 investment in a 5-month Certificate of Deposit at 3.60% with Sherburne State Bank and moved the remaining CD balance into its money market account. The bank confirmed pledged securities coverage for township deposits.

Document date · August 26, 2026

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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
$250,000
Contract type
FINANCIAL_SERVICES
Contract term
5-month Certificate of Deposit at 3.60% starting late June 2026
Renewal date
2026-11-30
Renewal
CD matures after five months; at maturity, the Board will need to decide whether to reinvest or reallocate funds.
Document type
AgendaPacket
Source document
Orrock Township Agenda Packet 2026-08-26

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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 Orrock?

Sherburne State Bank was awarded this financial services contract by Town of Orrock, as recorded on August 26, 2026. The contract value is $250,000.

How much is the Sherburne State Bank contract with Town of Orrock worth?

The Sherburne State Bank contract with Town of Orrock is valued at $250,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Orrock Township Agenda Packet 2026-08-26 (AgendaPacket), dated August 26, 2026 from Town of Orrock. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Sherburne State Bank hold?

Sherburne State 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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