FINANCIAL_SERVICESAPPROVED

Town of Manchester-by-the-Sea Awards Financial Services Contract to Cape Ann Savings Bank (March 2026)

The Affordable Housing Trust approved reinvesting its $210,917 CD maturing April 1, 2026, with Cape Ann Savings Bank into whichever CD term provides the best rate on that date. This action continues the Trust’s use of the bank for secure, interest-bearing investment of its housing funds.

Status
APPROVED
Document date
March 17, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Cape Ann Savings Bank
Agency
Town of Manchester-by-the-Sea · MA

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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
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
$210,917 (principal of maturing CD)
Contract type
FINANCIAL_SERVICES
Contract term
To be selected on April 1, 2026 (e.g., 11-month, 9-month, or other CD term)
Renewal
Renewal of an existing 9‑month CD into a new CD term at prevailing best rate on April 1, 2026; exact new term to be selected based on available rates.
Document type
Minutes
Source document
Manchester-by-the-Sea Affordable Housing Trust Minutes 2026-03-17

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Manchester-by-the-Sea?

Cape Ann Savings Bank was awarded this financial services contract by Town of Manchester-by-the-Sea, as recorded on March 17, 2026. The contract value is $210,917 (principal of maturing CD).

How much is the Cape Ann Savings Bank contract with Town of Manchester-by-the-Sea worth?

The Cape Ann Savings Bank contract with Town of Manchester-by-the-Sea is valued at $210,917 (principal of maturing CD), covering financial services work.

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 Manchester-by-the-Sea Affordable Housing Trust Minutes 2026-03-17 (Minutes), dated March 17, 2026 from Town of Manchester-by-the-Sea. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Cape Ann Savings Bank hold?

Cape Ann Savings 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.

View Cape Ann Savings Bank's profile

What is Town of Manchester-by-the-Sea currently buying?

Explore Town of Manchester-by-the-Sea's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Town of Manchester-by-the-Sea's profile

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