FINANCIAL_SERVICESAPPROVED

Town of Payne Awards $150,000 Financial Services Contract to Community Bank (July 2026)

Payne Township Board approved rolling over a maturing CD at Community Bank on August 7, 2026, increasing the principal to $150,000 at a 4% interest rate. This action reallocates township funds into an updated investment with the same banking partner.

Document date · July 6, 2026

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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
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
$150,000.00
Contract type
FINANCIAL_SERVICES
Contract term
CD to be rolled over on 8/7/2026 at 4% interest
Renewal
Existing CD maturing 8/7/2026 will be renewed with an additional $25,000 principal, creating a $150,000 CD at 4%; specific new maturity date not stated.
Document type
Minutes
Source document
Payne Township Board General Meeting Minutes 2026-07-06

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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 Payne?

Community Bank was awarded this financial services contract by Town of Payne, as recorded on July 6, 2026. The contract value is $150,000.00.

How much is the Community Bank contract with Town of Payne worth?

The Community Bank contract with Town of Payne is valued at $150,000.00, 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 Payne Township Board General Meeting Minutes 2026-07-06 (Minutes), dated July 6, 2026 from Town of Payne. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Community Bank hold?

Community 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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