City of Española AgendaPacket City Council Meeting 2026-06-09
Multi-Bank Securities Selected to Manage Opioid Settlement Investment
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Description
The City of Española approved transferring opioid settlement funds to Multi-Bank Securities, Inc. for enhanced investment returns and to support ongoing opioid response operations. The investment aims to balance yield and liquidity while complying with funding restrictions.
Contract Details
Contract Amount
Not specified (investment transfer amount not stated)
Vendor
MULTI-BANK SECURITIES INC
Agency
City of Española, NM
Contract Type
FINANCIAL_SERVICES
Document Date
June 9, 2026
Contract Term
Ongoing investment management
Renewal Info
Ongoing; subject to review based on investment strategy and fund needs.
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