FINANCIAL_SERVICESRECOMMENDED

City plans five-year depository contract with JP Morgan Chase

Austin Financial Services seeks Council approval of a five-year depository services contract with JP Morgan Chase Bank, N.A. for an amount not to exceed $2,500,000. The ordinance will designate the bank as the City’s depository and continue comprehensive banking and treasury services for all City departments.

Status
RECOMMENDED
Document date
July 23, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Jp Morgan Chase Bank Na
Agency
City of Austin city · TX

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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 $2,500,000; $40,000 available FY 2025-2026
Contract type
FINANCIAL_SERVICES
Contract term
Five years
Renewal
Initial depository contract term not to exceed five years per Texas Local Government Code Chapter 105; contract will replace an existing agreement expiring August 31, 2026. Future renewals or extensions would require Council action in compliance with state law.
Document type
Agenda
Source document
City of Austin Agenda Recommendation for Action 2026-07-23

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Austin city?

Jp Morgan Chase Bank Na was awarded this financial services contract by City of Austin city, as recorded on July 23, 2026. The contract value is Not to exceed $2,500,000; $40,000 available FY 2025-2026.

How much is the Jp Morgan Chase Bank Na contract with City of Austin city worth?

The Jp Morgan Chase Bank Na contract with City of Austin city is valued at Not to exceed $2,500,000; $40,000 available FY 2025-2026, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Austin Agenda Recommendation for Action 2026-07-23 (Agenda), dated July 23, 2026 from City of Austin city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Jp Morgan Chase Bank Na hold?

Jp Morgan Chase Bank Na 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 Jp Morgan Chase Bank Na's profile

What is City of Austin city currently buying?

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

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