FINANCIAL_SERVICESONGOING

City Invests $2.5M in Two-Year Old Fort CD

The City of Tiffin placed $2,500,000 in a two-year certificate of deposit with Old Fort Bank at 4.87% interest, maturing December 4, 2025, and has earned $8,352.41 in interest so far. This significant CD enhances the city's investment earnings.

Document date · December 31, 2023

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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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
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Scope & details

The full contract record, as filed.

Contract amount
$2,500,000.00
Contract type
FINANCIAL_SERVICES
Contract term
December 7, 2023 – December 4, 2025 (730 days)
Renewal date
2025-12-04
Renewal
New CD opened on 2023-12-07 with a 730-day term; no renewal options stated.
Document type
Report
Source document
City of Tiffin Director of Finance Report December 31, 2023

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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 Tiffin?

Old Fort was awarded this financial services contract by Town of Tiffin, as recorded on December 31, 2023. The contract value is $2,500,000.00.

How much is the Old Fort contract with Town of Tiffin worth?

The Old Fort contract with Town of Tiffin is valued at $2,500,000.00, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a report record.

Where was this contract approved?

This contract appears in City of Tiffin Director of Finance Report December 31, 2023 (Report), dated December 31, 2023 from Town of Tiffin. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Old Fort hold?

Old Fort 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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