City of South Gate Agenda 2026-05-26
South Gate Considers Long-Term Banking Deal with BMO
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Description
The City of South Gate will consider approving a Professional Services Agreement with BMO Bank N.A. to provide banking services for an initial five-year term, with up to five one-year extensions for a maximum ten-year term. The agreement will govern the City’s core banking and treasury operations.
Contract Details
Vendor
BMO BANK N.A.
Agency
City of South Gate, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 26, 2026
Contract Term
Five (5) years, with up to five (5) one-year extensions; total term not to exceed ten (10) years
Renewal Info
Initial 5-year term with up to five additional one-year extensions at the City’s discretion, for a maximum 10-year term.
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