City Redeems CDARS Position at Sovereign Bank

Scope & details

The full contract record, as filed.

Contract amount

$3,122,276.71 (CDARS balance as of 4/30/2026; $0 as of 5/31/2026)

Contract type

FINANCIAL_SERVICES

Contract term

CD matured or was withdrawn between 4/30/2026 and 5/31/2026

Renewal

No indication that the CDARS placement at Sovereign Bank renewed; position appears to have been closed by May 31, 2026.

Document type

Report

Source document

City of Edmond Monthly Investment Report 2026-05-31

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Frequently asked questions

Common questions about this contract, answered from the record.

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.

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.

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What is unspecified agency currently buying?

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

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