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Town Reinvests CDARS Deposits With F&M Bank

Town of Pacific logoTown of Pacific
Disclosed value
$650,000.00 (CDARS split into $500,000 and $150,000 portions)
From minutes
Document date
Jul 21, 2026

The 30-second brief

What it covers

The Town of Pacific maintained and reinvested multiple CDARS deposits with F&M Bank, including a $650,000 CDARS split into three- and two-year terms and separate Cemetery and Park CDARS for two years. The reinvestments secure fixed interest rates between 3.60% and 3.66%.

Who holds it

F&m Bank holds this financial services contract with Town of Pacific. Its other public contracts on record include work for Town of Dayton and Superior Public Schools.

What happens next

Term as filed: $500,000 reinvested for three years at 3.66%; $150,000 reinvested for two years at 3.60%; Cemetery CDARS and Park CDARS reinvested for two years at 3.60%.

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Contract details

Contract type
Financial Services
Amount
$650,000.00 (CDARS split into $500,000 and $150,000 portions)
Document date
July 21, 2026
Term
$500,000 reinvested for three years at 3.66%; $150,000 reinvested for two years at 3.60%; Cemetery CDARS and Park CDARS reinvested for two years at 3.60%
Vendor
F&m Bank
Agency
Town of Pacific
Source document
Town of Pacific Minutes July 21, 2026 (Minutes)

F&m Bank's other public contracts

Town of Dayton, VirginiaF&M Bank Supports Town Utility ACH Testing · Nov 7, 2026UndisclosedSuperior Public Schools, NebraskaSuperior Schools Maintains Depreciation Fund at F&M Bank · Nov 7, 2026UndisclosedMokelumne Rural Fire District, CaliforniaFire District Considers Changes to F&M Bank Signers · Nov 4, 2026UndisclosedRichardson County, NebraskaCounty Plans F&M Bank Security Receipt Replacement · Oct 21, 2026UndisclosedSan Joaquin Council Of Governments, CaliforniaSJCOG Financial Report Identifies F&M Bank · Oct 19, 2026UndisclosedAll F&m Bank contractsVendor profile

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Questions about this contract

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

F&m Bank was awarded this financial services contract by Town of Pacific, as recorded on July 21, 2026. The contract value is $650,000.00 (CDARS split into $500,000 and $150,000 portions).

How much is the F&m Bank contract with Town of Pacific worth?

The F&m Bank contract with Town of Pacific is valued at $650,000.00 (CDARS split into $500,000 and $150,000 portions), 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 Pacific Minutes July 21, 2026 (Minutes), dated July 21, 2026 from Town of Pacific. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does F&m Bank hold?

F&m 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.

What is Town of Pacific currently buying?

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

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