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Long-Term Sallie Mae Bank CD Planned By City

City of Hermosa Beach logoCity of Hermosa Beach
Disclosed value
$245,000.00
From report
Document date
May 1, 2026
Term
12/10/2025 – 12/10/2030
Renews
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The 30-second brief

What it covers

Hermosa Beach plans a $245,000 negotiable CD investment with Sallie Mae Bank at 3.900%, maturing December 10, 2030. The instrument is part of the City's extended‑term CD ladder.

Who holds it

Sallie Mae Bank holds this financial services contract with City of Hermosa Beach. Its other public contracts on record include work for Chino Valley Independent Fire District and Town of Dillon.

What happens next

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Contract details

Contract type
Financial Services
Amount
$245,000.00
Document date
May 1, 2026
Term
12/10/2025 – 12/10/2030
Renews
On record
Vendor
Sallie Mae Bank
Agency
City of Hermosa Beach
Source document
City of Hermosa Beach Treasurer's Report May 2026 (Report)

Sallie Mae Bank's other public contracts

Chino Valley Independent Fire District, CaliforniaSallie Mae Bank Certificate Of Deposit Matured · Nov 7, 2026$248KTown of Dillon, ColoradoDillon Reports Sallie Mae Bank Certificate · Nov 3, 2026$245KTemecula Preparatory, CaliforniaSchool Holds $245,000 Sallie Mae CD · Oct 8, 2026$245KSt. Louis Housing Authority, MissouriSallie Mae Bank Investment Nears June 2026 Maturity · Jul 17, 2026$230.7KSt. Louis Housing Authority, MissouriSLHA Investment With Sallie Mae Bank to June 2026 · May 22, 2026$230.7KAll Sallie Mae Bank contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by City of Hermosa Beach?

Sallie Mae Bank was awarded this financial services contract by City of Hermosa Beach, as recorded on May 1, 2026. The contract value is $245,000.00.

How much is the Sallie Mae Bank contract with City of Hermosa Beach worth?

The Sallie Mae Bank contract with City of Hermosa Beach is valued at $245,000.00, 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 Hermosa Beach Treasurer's Report May 2026 (Report), dated May 1, 2026 from City of Hermosa Beach. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Sallie Mae Bank hold?

Sallie Mae 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 Hermosa Beach currently buying?

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

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