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District Moves Funds From Silicon Valley Bank Account

Belmont Community Development District
Document date
Mar 15, 2023

The 30-second brief

What it covers

The Belmont Community Development District transferred its funds out of a Silicon Valley Bank-related account with the State Board into a fully insured checking account. This action amends the District’s banking arrangements in response to perceived risk.

Who holds it

Silicon Valley Bank holds this financial services contract with Belmont Community Development District. Its other public contracts on record include work for City of San Jose and Highlands Recreation Community Services District.

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Contract details

Contract type
Financial Services
Document date
March 15, 2023
Vendor
Silicon Valley Bank
Agency
Belmont Community Development District
Source document
Belmont Community Development District Minutes March 15, 2023 (Minutes)

Silicon Valley Bank's other public contracts

City of San Jose, CaliforniaSilicon Valley Bank Selected for $29M Construction Loan · Oct 3, 2024Highlands Recreation Community Services District, CaliforniaBoard Approves SVB Sweep Account for District Funds · Mar 12, 2024UndisclosedHighlands Recreation Community Services District, CaliforniaSVB Sweep Account Approved for District Funds · Feb 13, 2024UndisclosedCambridge Health Alliance, MassachusettsPutnam School Modernization Financed by SVB · Dec 31, 2023Multnomah County, OregonCounty Confirms No Exposure To Silicon Valley Bank · May 30, 2023UndisclosedAll Silicon Valley Bank contractsVendor profile

More Belmont Community Development District contracts

RVIAmenity Design Proposal Approved for RVI · Oct 16, 2026UndisclosedU.S. Bank, National AssociationU.S. Bank Serves as Trustee for Belmont Bonds · Oct 16, 2026UndisclosedSitex AquaticsSitex Aquatics Continues Belmont Pond Treatments · Oct 16, 2026UndisclosedElite Athlete Football Club LLC Dba Prefect AcademyBelmont Considers Prefect Academy Youth Sports Program · Oct 16, 2026UndisclosedNEBULANebula Service Call Pending for Amenity Lighting · Oct 16, 2026UndisclosedAll Belmont Community Development District activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Belmont Community Development District?

Silicon Valley Bank was awarded this financial services contract by Belmont Community Development District, as recorded on March 15, 2023.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Belmont Community Development District Minutes March 15, 2023 (Minutes), dated March 15, 2023 from Belmont Community Development District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Silicon Valley Bank hold?

Silicon Valley 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.

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What is Belmont Community Development District currently buying?

Explore Belmont Community Development District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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