FINANCIAL_SERVICESEXTENDED

Raleigh Extends Banking Services Contract with PNC Bank

Raleigh extended its banking services contract with PNC Bank, N.A. through April 30, 2031, with an added option for month-to-month renewals up to April 30, 2032, for an amendment amount not to exceed $1,650,000. The amendment maintains existing rates subject to annual appropriations.

Status
EXTENDED
Document date
April 21, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Pnc Bank N.a.
Agency
Raleigh Water · NC

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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
Not to exceed $1,650,000
Contract type
FINANCIAL_SERVICES
Contract term
Through April 30, 2031, with optional month-to-month renewals up to one year through April 30, 2032
Renewal date
2032-04-30
Renewal
Final five-year renewal option exercised through 2031, plus new authority for up to one year of month-to-month extensions through April 30, 2032 at the same rates, subject to appropriation.
Document type
Minutes
Source document
Raleigh City Council Minutes 2026-04-21

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Raleigh Water?

Pnc Bank N.a. was awarded this financial services contract by Raleigh Water, as recorded on April 21, 2026. The contract value is Not to exceed $1,650,000.

How much is the Pnc Bank N.a. contract with Raleigh Water worth?

The Pnc Bank N.a. contract with Raleigh Water is valued at Not to exceed $1,650,000, 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 Raleigh City Council Minutes 2026-04-21 (Minutes), dated April 21, 2026 from Raleigh Water. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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

Pnc 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 Pnc Bank N.a.'s profile

What is Raleigh Water currently buying?

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

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