FINANCIAL_SERVICESONGOING

Town Reinvests CDARS Deposits With F&M Bank

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%.

Document date · July 21, 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
$650,000.00 (CDARS split into $500,000 and $150,000 portions)
Contract type
FINANCIAL_SERVICES
Contract 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%
Renewal
CDARS accounts were rolled over at maturity into new 2- and 3-year terms at specified interest rates.
Document type
Minutes
Source document
Town of Pacific Minutes July 21, 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 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.

What other contracts does F&m Bank hold?

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