FINANCIAL_SERVICESONGOING

City Holds $21.4M in Wells Fargo Money Market Account

The City of Hemet holds about $21.4 million in a Wells Fargo Money Market account yielding 3.59% as of June 30, 2026. This deposit constitutes nearly 30% of the City's LGIP-aligned holdings.

Status
ONGOING
Document date
July 30, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Wells Fargo
Agency
City of Hemet · CA

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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
$21,356,221.13 balance as of June 30, 2026
Contract type
FINANCIAL_SERVICES
Renewal
Ongoing bank money market relationship with Wells Fargo; no fixed end date, balances adjustable per City direction.
Document type
AgendaPacket
Source document
City of Hemet Investment Oversight Committee Agenda Packet 2026-07-30

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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 Hemet?

Wells Fargo was awarded this financial services contract by City of Hemet, as recorded on July 30, 2026. The contract value is $21,356,221.13 balance as of June 30, 2026.

How much is the Wells Fargo contract with City of Hemet worth?

The Wells Fargo contract with City of Hemet is valued at $21,356,221.13 balance as of June 30, 2026, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Hemet Investment Oversight Committee Agenda Packet 2026-07-30 (AgendaPacket), dated July 30, 2026 from City of Hemet. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Wells Fargo hold?

Wells Fargo 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 Wells Fargo's profile

What is City of Hemet currently buying?

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

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