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City of Torrance Awards $245,000 Financial Services Contract to Bank of Utah (May 2023)

City of Torrance logoCity of Torrance
Disclosed value
$245,000.00
From report
Approved
May 31, 2023
Term
05/10/2023 – 05/11/2026

The 30-second brief

What it covers

A $245,000 Certificate of Deposit with Bank of Utah was added to the City of Torrance's portfolio, maturing in 2026.

Who holds it

Bank of Utah holds this financial services contract with City of Torrance. Its other public contracts on record include work for Central Weber Sewer Improvement District and Davinci Academy.

What happens next

Term as filed: 05/10/2023 – 05/11/2026.

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Contract details

Contract type
Financial Services
Amount
$245,000.00
Document date
May 31, 2023
Term
05/10/2023 – 05/11/2026
Vendor
Bank of Utah
Agency
City of Torrance
Source document
city_of_torrance_investment_report_may_2023.pdf (Report)

Bank of Utah's other public contracts

Central Weber Sewer Improvement District, UtahDistrict Ratifies Bank of Utah Capital Project Payments · Oct 19, 2026$57.3KCentral Weber Sewer Improvement District, UtahCapital Project Banking Payments Ratified · Sep 21, 2026$118KDavinci Academy, UtahDaVinci Academy Considers Backup Banking Partner · Sep 17, 2026UndisclosedCity of Bear River, UtahBear River Advances Bank of Utah Payment Arrangement · Sep 9, 2026UndisclosedCentral Weber Sewer Improvement District, UtahDistrict Ratifies Bank Of Utah Project Payments · Aug 17, 2026$173.6KAll Bank of Utah contractsVendor profile

More City of Torrance contracts

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Questions about this contract

Who was awarded the financial services contract by City of Torrance?

Bank of Utah was awarded this financial services contract by City of Torrance, as recorded on May 31, 2023. The contract value is $245,000.00.

How much is the Bank of Utah contract with City of Torrance worth?

The Bank of Utah contract with City of Torrance is valued at $245,000.00, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in city_of_torrance_investment_report_may_2023.pdf (Report), dated May 31, 2023 from City of Torrance. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Bank of Utah hold?

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

What is City of Torrance currently buying?

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

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