CD Investment Strategy Recommended With East West Bank

The City's investment advisor has recommended placing portions of the 2026 bond proceeds in laddered certificates of deposit with East West Bank, using six- to twenty-one-month maturities to balance yield and liquidity. This banking relationship is intended to improve earnings while supporting upcoming project cash flows.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Staggered CD maturities from six to twenty-one months

Document type

Budget

Source document

City of Heath Preliminary Proposed Budget and Plan of Municipal Services 2026-07-21

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Heath city?

East West Bank was awarded this financial services contract by City of Heath city, as recorded on July 21, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Heath Preliminary Proposed Budget and Plan of Municipal Services 2026-07-21 (Budget), dated July 21, 2026 from City of Heath city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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East West 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.

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