FINANCIAL_SERVICESONGOING

District invests in Valley National Bank certificate of deposit

Westborough Water District owns a $143,000 certificate of deposit from Valley National Bank in Passaic, NJ at 3.700% interest, maturing October 8, 2026, with a June 30, 2026 market value of $142,832.69. The CD provides fixed-income earnings estimated at $5,291 annually.

Status
ONGOING
Document date
July 9, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Valley National Bank Passaic Nj
Agency
Westborough Co Water Dist · CA

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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
$143,000 (CD par value); account value $142,832.69
Contract type
FINANCIAL_SERVICES
Contract term
Certificate of deposit 3.700% maturing 10/08/2026; first coupon date 04/08/2025
Renewal date
2026-10-08
Renewal
CD will mature on 2026-10-08; at that time principal may be returned or reinvested in a new instrument at the District’s direction.
Document type
Agenda
Source document
Westborough Water District Agenda 2026-07-09

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Westborough Co Water Dist?

Valley National Bank Passaic Nj was awarded this financial services contract by Westborough Co Water Dist, as recorded on July 9, 2026. The contract value is $143,000 (CD par value); account value $142,832.69.

How much is the Valley National Bank Passaic Nj contract with Westborough Co Water Dist worth?

The Valley National Bank Passaic Nj contract with Westborough Co Water Dist is valued at $143,000 (CD par value); account value $142,832.69, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Westborough Water District Agenda 2026-07-09 (Agenda), dated July 9, 2026 from Westborough Co Water Dist. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Valley National Bank Passaic Nj hold?

Valley National Bank Passaic Nj 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 Valley National Bank Passaic Nj's profile

What is Westborough Co Water Dist currently buying?

Explore Westborough Co Water Dist's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Westborough Co Water Dist's profile

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