FINANCIAL_SERVICESAWARDED

Waverly City Schools Awards Financial Services Contract to First National Bank of Waverly (February 2026)

Waverly City School District designates The First National Bank of Waverly as its public depository for up to $5,000,000.00 in active deposits from February 24, 2026 through February 24, 2030. The bank will collateralize deposits with $4,987,500.00 in additional qualified investments and Federal Home Loan Bank securities, and the agreement automatically renews month-to-month if not changed.

Document date · February 24, 2026

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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
Up to $5,000,000.00 in active deposits; $4,987,500.00 in additional pledged security
Contract type
FINANCIAL_SERVICES
Contract term
February 24, 2026 – February 24, 2030, with automatic month-to-month renewal thereafter if not re-designated or withdrawn
Renewal date
2030-02-24
Renewal
Initial four-year designation from February 24, 2026 through February 24, 2030. After this period, the agreement automatically renews on a month-to-month basis unless the district re-designates its public depository or withdraws its funds.
Document type
Agreement
Source document
Waverly City School District Agreement for Deposit of Public Funds 2026-02-24

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Waverly City Schools?

First National Bank of Waverly was awarded this financial services contract by Waverly City Schools, as recorded on February 24, 2026. The contract value is Up to $5,000,000.00 in active deposits; $4,987,500.00 in additional pledged security.

How much is the First National Bank of Waverly contract with Waverly City Schools worth?

The First National Bank of Waverly contract with Waverly City Schools is valued at Up to $5,000,000.00 in active deposits; $4,987,500.00 in additional pledged security, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Waverly City School District Agreement for Deposit of Public Funds 2026-02-24 (Agreement), dated February 24, 2026 from Waverly City Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First National Bank of Waverly hold?

First National Bank of Waverly may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View First National Bank of Waverly's profile

What is Waverly City Schools currently buying?

Explore Waverly City Schools's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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