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City of Durham Awards $20,000,000 Financial Services Contract to FFCB (December 2025)

City of Durham logoCity of Durham
Disclosed value
$20,000,000
From report
Awarded
Dec 31, 2025
Term
Matures 09/16/2027
Renews
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The 30-second brief

What it covers

On December 23, 2025, Durham purchased a $20 million 3.50% FFCB security maturing September 16, 2027 through Wells Fargo as part of its investment strategy.

Who holds it

FFCB holds this financial services contract with City of Durham. Its other public contracts on record include work for Temecula Preparatory.

What happens next

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Contract details

Contract type
Financial Services
Amount
$20,000,000
Document date
December 31, 2025
Term
Matures 09/16/2027
Renews
On record
Vendor
FFCB
Agency
City of Durham
Source document
City of Durham Capital Improvement Plan Stoplight Report 2025-2026 Q2 (Report)

FFCB's other public contracts

Temecula Preparatory, CaliforniaSchool Holds $331,000 FFCB Bond Investment · Oct 8, 2026$331KTemecula Preparatory, CaliforniaSchool Holds $568,000 FFCB Bond Investment · Oct 8, 2026$568KTemecula Preparatory, CaliforniaSchool Holds $495,000 FFCB Bond Investment · Oct 8, 2026$495KTemecula Preparatory, CaliforniaSchool Holds $394,000 FFCB Bond Investment · Oct 8, 2026$394KTemecula Preparatory, CaliforniaSchool Holds $559,000 FFCB Bond Investment · Oct 8, 2026$559KAll FFCB contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by City of Durham?

FFCB was awarded this financial services contract by City of Durham, as recorded on December 31, 2025. The contract value is $20,000,000.

How much is the FFCB contract with City of Durham worth?

The FFCB contract with City of Durham is valued at $20,000,000, 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 Durham Capital Improvement Plan Stoplight Report 2025-2026 Q2 (Report), dated December 31, 2025 from City of Durham. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does FFCB hold?

FFCB 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 Durham currently buying?

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

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