CONTRACTONGOING

Truist to Principal Financial Group for custodian

City of Charlottesville logoCity of Charlottesville
Document date
Aug 27, 2025

The 30-second brief

What it covers

Truist has sold its custodial business to Principal Financial Group, Jason will keep the commission informed of the transition for City's defined benefit plan assets.

Who holds it

Truist Financial Corporation holds this custodian contract with City of Charlottesville. Its other public contracts on record include work for Pamlico County and Abington SD.

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Contract details

Contract type
Custodian
Document date
August 27, 2025
Term
NA
Source document
city-of-charlottesville-retirement-commission-minutes-august-27-2025_32d.pdf (Minutes)

Truist Financial Corporation's other public contracts

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Questions about this contract

Who was awarded the custodian contract by City of Charlottesville?

Truist Financial Corporation was awarded this custodian contract by City of Charlottesville, as recorded on August 27, 2025.

What type of contract is this?

This is a Custodian contract, documented as a minutes record.

Where was this contract approved?

This contract appears in city-of-charlottesville-retirement-commission-minutes-august-27-2025_32d.pdf (Minutes), dated August 27, 2025 from City of Charlottesville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Truist Financial Corporation hold?

Truist Financial Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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