FINANCIAL_SERVICESAPPROVED

Beachwood City Schools Awards Financial Services Contract to Key Bank N.a. (June 2026)

The Board approved Key Bank N.A. as a depository for up to $30 million each in active and interim school district funds for the 2026–2031 period. Deposits are governed by Ohio law, the district’s investment policy, and related collateral agreements.

Status
APPROVED
Document date
June 22, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Key Bank N.a.
Agency
Beachwood City Schools · OH

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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 amount
Up to $30,000,000 active deposits; up to $30,000,000 interim deposits
Contract type
FINANCIAL_SERVICES
Contract term
August 1, 2026 through July 31, 2031
Renewal date
2031-07-31
Renewal
Five-year depository designation period ending July 31, 2031; renewal or redesignation to be considered by future board action.
Document type
Minutes
Source document
Beachwood City School District Minutes Regular Meeting 2026-06-22

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Beachwood City Schools?

Key Bank N.a. was awarded this financial services contract by Beachwood City Schools, as recorded on June 22, 2026. The contract value is Up to $30,000,000 active deposits; up to $30,000,000 interim deposits.

How much is the Key Bank N.a. contract with Beachwood City Schools worth?

The Key Bank N.a. contract with Beachwood City Schools is valued at Up to $30,000,000 active deposits; up to $30,000,000 interim deposits, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Beachwood City School District Minutes Regular Meeting 2026-06-22 (Minutes), dated June 22, 2026 from Beachwood City Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Key Bank N.a. hold?

Key Bank N.a. may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Key Bank N.a.'s profile

What is Beachwood City Schools currently buying?

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

View Beachwood City Schools's profile

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