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Board Approves Fund Transfers to Charles Schwab Trust Bank

City of Nashua logoCity of Nashua
Disclosed value
$500,000/month for 12 months (total $6,000,000)
From minutes
Document date
Apr 24, 2026
Term
12 months (monthly wires)
Renews
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The 30-second brief

What it covers

The board was informed of the planned $500,000 monthly wire transfers for 12 months to the Charles Schwab Trust Bank account to meet ongoing retirement benefit payment needs.

Who holds it

Charles Schwab Trust Bank holds this financial services contract with City of Nashua. Its other public contracts on record include work for City of Bellflower and Town of Palmer.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every City of Nashua contract.

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Contract details

Contract type
Financial Services
Amount
$500,000/month for 12 months (total $6,000,000)
Document date
April 24, 2026
Term
12 months (monthly wires)
Renews
Free account
Vendor
Charles Schwab Trust Bank
Agency
City of Nashua
Source document
Division of Public Works Retirement System Board of Trustees Meeting Minutes 2026-04-24 (Minutes)

Charles Schwab Trust Bank's other public contracts

City of Bellflower, CaliforniaBellflower Reports Schwab Trust Banking Services · Oct 26, 2026$15,775,?Town of Palmer, PennsylvaniaPalmer Township Lists Charles Schwab Trust Payment · Oct 5, 2026$292.7KCity of Bellflower, CaliforniaBellflower Holds Pension Trust Investments at Schwab · Sep 28, 2026City of Bellflower, CaliforniaBellflower Holds OPEB Trust Investments at Schwab · Sep 28, 2026Borough of Cornwall, PennsylvaniaCornwall Pays Charles Schwab Pension Contribution · Sep 14, 2026$79.5KAll Charles Schwab Trust Bank contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by City of Nashua?

Charles Schwab Trust Bank was awarded this financial services contract by City of Nashua, as recorded on April 24, 2026. The contract value is $500,000/month for 12 months (total $6,000,000).

How much is the Charles Schwab Trust Bank contract with City of Nashua worth?

The Charles Schwab Trust Bank contract with City of Nashua is valued at $500,000/month for 12 months (total $6,000,000), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Division of Public Works Retirement System Board of Trustees Meeting Minutes 2026-04-24 (Minutes), dated April 24, 2026 from City of Nashua. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Charles Schwab Trust Bank hold?

Charles Schwab Trust 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.

What is City of Nashua currently buying?

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

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