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Town of Sherman Awards $150,000 Financial Services Contract to Mercantile Bank (August 2026)

Town of Sherman logoTown of Sherman
Disclosed value
$150,000.00
From minutes
Approved
Aug 17, 2026
Term
26 weeks
Renews
Free account

The 30-second brief

What it covers

Sherman Township authorized the treasurer to place $150,000 in a new 26-week CD/CDARS account at Mercantile Bank. The funds will be transferred from the Library's Isabella Bank checking account.

Who holds it

Mercantile Bank holds this financial services contract with Town of Sherman. Its other public contracts on record include work for City of Auburn Hills and City of Belding.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every Town of Sherman contract.

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Contract details

Contract type
Financial Services
Amount
$150,000.00
Document date
August 17, 2026
Term
26 weeks
Renews
Free account
Vendor
Mercantile Bank
Agency
Town of Sherman
Source document
Sherman Township Minutes Board Meeting August 17, 2026 (Minutes)

Mercantile Bank's other public contracts

City of Auburn Hills, MichiganAuburn Hills Proposes Mercantile Bank Authorization · Oct 19, 2026UndisclosedCity of Belding, MichiganBelding Schedules Approval of Mercantile Bank Payments · Oct 4, 2026$38.8KTown of Williamstown, MichiganTownship Holds Two Mercantile Bank CDs · Sep 30, 2026Saginaw County, MichiganHistorical Society Reports Mercantile Bank Account · Sep 23, 2026$259.9KTown of Secord, MichiganMercantile Bank Raises Interest Rate on Township Accounts · Sep 16, 2026UndisclosedAll Mercantile Bank contractsVendor profile

More Town of Sherman contracts

MTASherman Township Approves MTA Meeting Registrations · Aug 17, 2026UndisclosedCOASherman Township Approves Three-Year COA Contract · Aug 17, 2026UndisclosedBS&ASherman Township Approves BS&A Tax Software Purchase · Jul 20, 2026UndisclosedWerner Tree ServiceSherman Township Approves Payment to Werner Tree Service · May 18, 2026UndisclosedLORENZSherman Township Approves Lorenz Ball Diamond Survey · Apr 20, 2026All Town of Sherman activityAgency profile

Questions about this contract

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

Mercantile Bank was awarded this financial services contract by Town of Sherman, as recorded on August 17, 2026. The contract value is $150,000.00.

How much is the Mercantile Bank contract with Town of Sherman worth?

The Mercantile Bank contract with Town of Sherman 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 Sherman Township Minutes Board Meeting August 17, 2026 (Minutes), dated August 17, 2026 from Town of Sherman. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Mercantile Bank hold?

Mercantile 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 Sherman currently buying?

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

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