Schwab Named As 2026 Borough Depository

Borough Council will consider designating Charles Schwab Institutional as an official depository for municipal funds for calendar year 2026. The action would authorize the institution to hold and manage Borough deposits as part of its banking and investment arrangements.

Document date · January 5, 2026

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Year 2026

Renewal date

2026-12-31

Renewal

Designation as an official depository is for 2026 and remains until changed by future Council action.

Document type

Agenda

Source document

borough_of_franklin_park_council_reorganization_me.pdf

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Borough of Franklin Park Council Minutes January 2026

APPROVED

Borough of Franklin Park, PennsylvaniaJan 5, 2026

borough-of-franklin-parkmeeting-minutes2025-01-15_24c.pdf

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Borough of Franklin Park, PennsylvaniaJan 15, 2025

borough-of-franklin-meeting-minutes-2025-01-15_219.pdf

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Borough of Franklin, PennsylvaniaJan 15, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Borough of Franklin Park?

Charles Schwab Institutional was awarded this financial services contract by Borough of Franklin Park, as recorded on January 5, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in borough_of_franklin_park_council_reorganization_me.pdf (Agenda), dated January 5, 2026 from Borough of Franklin Park. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Charles Schwab Institutional hold?

Charles Schwab Institutional 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 Charles Schwab Institutional's profile

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