California Enterprise Development Authority Awards Financial Services Contract to Farmers & Merchants Bank of Long Beach (October 2026)
California Enterprise Development AuthorityPublic Authority · Sacramento, CA- Disclosed value
- Not to exceed $10,000,000
- From agendapacket
- Approved
- Oct 15, 2026
The 30-second brief
The California Enterprise Development Authority approved a tax-exempt private placement loan from Farmers and Merchants Bank of Long Beach. Proceeds will support up to $10 million in financing for educational facilities operated by the Roman Catholic Bishop of Orange.
Farmers & Merchants Bank of Long Beach holds this financial services contract with California Enterprise Development Authority. Its other public contracts on record include work for Serrano Water District and Santa Ana Unified.
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed $10,000,000
- Document date
- October 15, 2026
- Vendor
- Farmers & Merchants Bank of Long Beach
- Source document
- California Enterprise Development Authority AgendaPacket Regular Meeting October 15, 2026 (AgendaPacket)
Farmers & Merchants Bank of Long Beach's other public contracts
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Questions about this contract
Who was awarded the financial services contract by California Enterprise Development Authority?
Farmers & Merchants Bank of Long Beach was awarded this financial services contract by California Enterprise Development Authority, as recorded on October 15, 2026. The contract value is Not to exceed $10,000,000.
How much is the Farmers & Merchants Bank of Long Beach contract with California Enterprise Development Authority worth?
The Farmers & Merchants Bank of Long Beach contract with California Enterprise Development Authority is valued at Not to exceed $10,000,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in California Enterprise Development Authority AgendaPacket Regular Meeting October 15, 2026 (AgendaPacket), dated October 15, 2026 from California Enterprise Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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