FINANCIAL_SERVICESPENDING

City Considers New Investment Accounts with HCN Bank

HCN Bank has proposed fully collateralized certificates of deposit and a local agency money market account to the City of Hemet, offering rates of 3.25% APR for 3–12 month CDs and 3.1% APR for the money market. The Investment Oversight Committee will consider whether to establish an investment account and allocate funds to this local institution.

Status
PENDING
Document date
July 30, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Hcn Bank
Agency
City of Hemet · CA

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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
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 type
FINANCIAL_SERVICES
Contract term
Proposed 3–12 month Certificates of Deposit at 3.25% APR; Local Agency Money Market Account with current 3.1% APR
Renewal
Proposal includes time-bound CDs of 3–12 months and an ongoing money market account; renewal or rollover of CDs would depend on future committee direction once any investments are made.
Document type
AgendaPacket
Source document
City of Hemet Investment Oversight Committee Agenda Packet 2026-07-30

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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 Hemet?

Hcn Bank was awarded this financial services contract by City of Hemet, as recorded on July 30, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Hemet Investment Oversight Committee Agenda Packet 2026-07-30 (AgendaPacket), dated July 30, 2026 from City of Hemet. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Hcn Bank hold?

Hcn 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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