CONTRACTDISCUSSSED

Town’s First Security Bank depository arrangement questioned

Disclosed value: approximately $3.5 million in town funds; $90,000 annual interest (as referenced in public comment); From minutes
Document date: May 28, 2026

What it covers

Stevensville residents questioned a prior administration’s decision to place approximately $3.5 million of town funds with First Security Bank, citing FDIC coverage and risk concerns tied to an expected $90,000 in annual interest. The mayor indicated the banking arrangement will be formally reviewed and addressed before the upcoming budget season.

Who holds it

First Security Bank holds this financial services contract with Town of Stevensville. Its other public contracts on record include work for Yazoo City Police Department and Town of Mackinaw.

See every contract and contact at Town of Stevensville.

See every contract

Free account · 30-second setup · No credit card

Contract details

Contract type: Financial Services
Amount: approximately $3.5 million in town funds; $90,000 annual interest (as referenced in public comment)
Document date: May 28, 2026
Vendor: First Security Bank
Agency: Town of Stevensville
Source document: Stevensville Town Council Minutes 2026-05-28 (Minutes)

First Security Bank's other public contracts

Town of Stevensville, MontanaFirst Security Bank Presents Intrafi Product to Council · Oct 22, 2026Undisclosed Yazoo City Police Department, MississippiYazoo City Lists First Security Bank Payment · Oct 12, 2026$15.1K Town of Mackinaw, IllinoisMackinaw Considers Account Access Change at First Security Bank · Oct 12, 2026Undisclosed Beaver County, OklahomaCounty Approves First Security Bank Highway Payments · Oct 5, 2026 City of Little Rock, ArkansasFirst Security Bank Named Trustee for Faymonville Bonds · Sep 27, 2026 All First Security Bank contractsVendor profile

More Town of Stevensville contracts

Nexus Cpa GroupNexus CPA Group Receives 50% Year-End Audit Payment · Oct 22, 2026$10K First Call Computer SolutionsStevensville Replaces Obsolete Network Switch · Oct 22, 2026$2.9K Missoula ChevroletStevensville Minutes Reference Four-Vehicle Chevrolet Purchase · Oct 22, 2026$177K Hdr Engineering IncHDR Engineering Supports Stevensville ARPA Project · Oct 22, 2026$995.2 De Lage Landen FinanceStevensville Lists Police Printer Lease Payment · Oct 22, 2026$82 All Town of Stevensville activityAgency profile

Questions about this contract

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

First Security Bank was awarded this financial services contract by Town of Stevensville, as recorded on May 28, 2026. The contract value is approximately $3.5 million in town funds; $90,000 annual interest (as referenced in public comment).

How much is the First Security Bank contract with Town of Stevensville worth?

The First Security Bank contract with Town of Stevensville is valued at approximately $3.5 million in town funds; $90,000 annual interest (as referenced in public comment), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Stevensville Town Council Minutes 2026-05-28 (Minutes), dated May 28, 2026 from Town of Stevensville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

Show 2 more questions

What other contracts does First Security Bank hold?

First Security 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 Stevensville currently buying?

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

Work in government? Get Civic IQ free →

More Town of Stevensville contracts →Browse all agencies in Montana →