FINANCIAL_SERVICESONGOING

U.S. Bank Provides ICS Sweep for City Operating Funds

The City of Menlo Park maintains U.S. Bank as its primary operating bank, using an ICS sweep arrangement to place operating cash into interest-bearing accounts. This banking relationship has significantly increased monthly interest earnings on operational funds.

Status
ONGOING
Document date
July 16, 2026
Contract type
FINANCIAL_SERVICES
Vendor
U.s. Bank
Agency
City of Menlo Park · CA

Trusted by teams at

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
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 type
FINANCIAL_SERVICES
Renewal
Ongoing primary banking relationship with ICS program initiated in February 2026; specific contract term or renewal date is not disclosed.
Document type
AgendaPacket
Source document
City of Menlo Park Finance and Audit Commission Agenda Packet 2026-07-16

Related contracts

Other contracts from U.s. Bank.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Menlo Park?

U.s. Bank was awarded this financial services contract by City of Menlo Park, as recorded on July 16, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Menlo Park Finance and Audit Commission Agenda Packet 2026-07-16 (AgendaPacket), dated July 16, 2026 from City of Menlo Park. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does U.s. Bank hold?

U.s. 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.

View U.s. Bank's profile

What is City of Menlo Park currently buying?

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

View City of Menlo Park's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free