Summary
The city is set to sign a three-year banking services contract with Farmers & Merchants Bank, chosen from five bids.
At a glance
- Total mentions
- 3
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 8, 2026.
Impact analysis
Locks in the city's banking services for three years through September 2029.
City government and its account holders depend on stable banking services.
Mentions & discussions (3)
Finance & Administration Council Committee — September 8, 2026
The city is set to sign a three-year banking services contract with Farmers & Merchants Bank, chosen from five bids.
Finance & Administration Council Committee — July 28, 2026
Finance Director Steve Purtee said the city is still working out how to move roughly 300 ACH transfers to a new bank and will bring both the RFP and a short-term loan bid to the Depository Committee, with no meeting date set yet.
Finance & Administration Council Committee — July 14, 2026
Five area banks bid on the city's depository services contract; the Depository Committee is scoring them and a recommendation is expected imminently.
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