City Redeems CDARS Position at Sovereign Bank
unspecified agencynone, OK- Disclosed value
- $3,122,276.71 (CDARS balance as of 4/30/2026; $0 as of 5/31/2026)
- From report
- Document date
- May 31, 2026
The 30-second brief
Sovereign Bank’s approximately $3.1 million in CDARS deposits for the City of Edmond matured or were redeemed between April 30 and May 31, 2026. The allocation was reduced to zero and likely reallocated to other insured deposits or securities.
Sovereign Bank holds this financial services contract with unspecified agency. Its other public contracts on record include work for Mid-Del Technology Center and Lincoln County.
Term as filed: CD matured or was withdrawn between 4/30/2026 and 5/31/2026.
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Contract details
- Contract type
- Financial Services
- Amount
- $3,122,276.71 (CDARS balance as of 4/30/2026; $0 as of 5/31/2026)
- Document date
- May 31, 2026
- Term
- CD matured or was withdrawn between 4/30/2026 and 5/31/2026
- Vendor
- Sovereign Bank
- Agency
- unspecified agency
- Source document
- City of Edmond Monthly Investment Report 2026-05-31 (Report)
Sovereign Bank's other public contracts
More unspecified agency contracts
Questions about this contract
Who was awarded the financial services contract by unspecified agency?
Sovereign Bank was awarded this financial services contract by unspecified agency, as recorded on May 31, 2026. The contract value is $3,122,276.71 (CDARS balance as of 4/30/2026; $0 as of 5/31/2026).
How much is the Sovereign Bank contract with unspecified agency worth?
The Sovereign Bank contract with unspecified agency is valued at $3,122,276.71 (CDARS balance as of 4/30/2026; $0 as of 5/31/2026), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a report record.
Where was this contract approved?
This contract appears in City of Edmond Monthly Investment Report 2026-05-31 (Report), dated May 31, 2026 from unspecified agency. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Sovereign Bank hold?
Sovereign 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 unspecified agency currently buying?
Explore unspecified agency's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.