AlexRenew Awards Financial Services Contract to Bank of America (June 2026)

Scope & details

The full contract record, as filed.

Contract amount

$30 million line of credit; annual cost decreasing from $276,000 to $69,000

Contract type

FINANCIAL_SERVICES

Contract term

Extended maturity date from June 30, 2026 to June 30, 2028

Renewal date

2028-06-30

Renewal

Existing revolving line of credit reduced from $120 million to $30 million and term extended two years to June 30, 2028 under an approved Board resolution.

Document type

Budget

Source document

AlexRenew Operating and Capital Budget Fiscal Year 2027

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by AlexRenew?

Bank of America was awarded this financial services contract by AlexRenew, as recorded on June 1, 2026. The contract value is $30 million line of credit; annual cost decreasing from $276,000 to $69,000.

How much is the Bank of America contract with AlexRenew worth?

The Bank of America contract with AlexRenew is valued at $30 million line of credit; annual cost decreasing from $276,000 to $69,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a budget record.

Where was this contract approved?

This contract appears in AlexRenew Operating and Capital Budget Fiscal Year 2027 (Budget), dated June 1, 2026 from AlexRenew. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bank of America hold?

Bank of America 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 Bank of America's profile

What is AlexRenew currently buying?

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

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