CONTRACTAPPROVED

Town of Park Awards Financial Services Contract to Southern Michigan Bank (January 2026)

Town of Park
Disclosed value
$250,000 CD, 7 months, 4% APY
From minutes
Approved
Jan 14, 2026
Term
7 months

The 30-second brief

What it covers

Park Township Board approved opening a $250,000, 7‑month CD at 4% APY with Southern Michigan Bank and converting its accounts to a pooled structure. The CD will list Lari Roberts and Cindy Fenwick as named officials.

Who holds it

Southern Michigan Bank holds this financial services contract with Town of Park. Its other public contracts on record include work for Marshall Area Fire Fighters Ambulance Authority and Town of Leroy.

What happens next

Term as filed: 7 months.

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Contract details

Contract type
Financial Services
Amount
$250,000 CD, 7 months, 4% APY
Document date
January 14, 2026
Term
7 months
Source document
Park Township Board of Trustees Minutes January 2026 (Minutes)

Southern Michigan Bank's other public contracts

More Town of Park contracts

Questions about this contract

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

Southern Michigan Bank was awarded this financial services contract by Town of Park, as recorded on January 14, 2026. The contract value is $250,000 CD, 7 months, 4% APY.

How much is the Southern Michigan Bank contract with Town of Park worth?

The Southern Michigan Bank contract with Town of Park is valued at $250,000 CD, 7 months, 4% APY, 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 Park Township Board of Trustees Minutes January 2026 (Minutes), dated January 14, 2026 from Town of Park. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Southern Michigan Bank hold?

Southern Michigan 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 Park currently buying?

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

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