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Palo Alto Invests in Cross River Bank CD

City of Palo Alto logoCity of Palo Alto
Disclosed value
$249,000.00
From report
Document date
Aug 31, 2025

The 30-second brief

What it covers

City of Palo Alto invests $249,000 in a negotiable certificate of deposit with Cross River Bank at 5.100%, effective July 2024.

Who holds it

Cross River Bank holds this financial services contract with City of Palo Alto. Its other public contracts on record include work for Sheboygan County and June Lake Fire Protection District.

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Contract details

Contract type
Financial Services
Amount
$249,000.00
Document date
August 31, 2025
Vendor
Cross River Bank
Agency
City of Palo Alto
Source document
city_of_palo_alto_monthly_investment_activity_repo.pdf (Report)

Cross River Bank's other public contracts

Sheboygan County, WisconsinCounty Holds Cross River Bank Certificate · Oct 14, 2026$245KJune Lake Fire Protection District, CaliforniaFire District Reviews Cross River CD Reinvestment · Oct 12, 2026Mundelein Cons HSD 120, IllinoisDistrict Reports Cross River Bank CD · Sep 9, 2026$247.1KStark Area Regional Transit Authority, OhioSARTA Holds Cross River Bank Certificate · Aug 26, 2026$245KTahoe Douglas Sewer District, NevadaCross River Bank CD in Authority investment portfolio · Aug 17, 2026$245KAll Cross River Bank contractsVendor profile

More City of Palo Alto contracts

Palo Alto Community Child CarePalo Alto Approves Child Care Partnership Letter of Intent · Oct 22, 2026UndisclosedPacket FusionPalo Alto Approves $1.2 Million Zoom Government Procurement · Oct 22, 2026Packet FusionPacket Fusion Zoom Government Purchase Orders Proposed · Oct 22, 2026Palo Alto Community Child CareChild Care Partnership Letter of Intent Proposed with Palo Alto · Oct 22, 2026UndisclosedPfm Financial Advisors LLCPFM Advises Palo Alto on Electric Bond Financing · Oct 20, 2026All City of Palo Alto activityAgency profile

Questions about this contract

Who was awarded the financial services contract by City of Palo Alto?

Cross River Bank was awarded this financial services contract by City of Palo Alto, as recorded on August 31, 2025. The contract value is $249,000.00.

How much is the Cross River Bank contract with City of Palo Alto worth?

The Cross River Bank contract with City of Palo Alto is valued at $249,000.00, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in city_of_palo_alto_monthly_investment_activity_repo.pdf (Report), dated August 31, 2025 from City of Palo Alto. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Cross River Bank hold?

Cross River 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.

What is City of Palo Alto currently buying?

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

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