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City Holds CD Investment with Preferred Bank

City of Alhambra logoCity of Alhambra
Disclosed value
$100,000.00 certificate of deposit
From agendapacket
Document date
Aug 24, 2026
Term
June 25, 2026 – June 25, 2027
Renews
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The 30-second brief

What it covers

Alhambra's July 31, 2026 Treasurer's Report shows a $100,000 certificate of deposit investment with Preferred Bank yielding 3.69% and maturing June 25, 2027. The CD is part of the City's diversified investment portfolio managed under its adopted investment policy.

Who holds it

Preferred Bank holds this financial services contract with City of Alhambra. Its other public contracts on record include work for Burnet Consolidated ISD and Mundelein ESD 75.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every City of Alhambra contract.

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Contract details

Contract type
Financial Services
Amount
$100,000.00 certificate of deposit
Document date
August 24, 2026
Term
June 25, 2026 – June 25, 2027
Renews
Free account
Vendor
Preferred Bank
Agency
City of Alhambra
Source document
City of Alhambra AgendaPacket Special Meeting August 24 2026 (AgendaPacket)

Preferred Bank's other public contracts

Burnet Consolidated ISD, TexasPreferred Bank Certificate of Deposit Held · Sep 30, 2026$240KMundelein ESD 75, IllinoisDistrict Reports Preferred Bank Certificate Of Deposit · Sep 21, 2026$243.1KTown of Colton, New YorkPreferred Bank FDIC‑Insured Deposits for NYCLASS · Aug 1, 2026$54MTown of Colton, New YorkPreferred Bank Holds $54M in NYCLASS FDIC Deposits · Jul 1, 2026$54MBroadalbin-Perth Central School District, New YorkNYCLASS Holds $54 Million Preferred Bank Deposit · Jun 30, 2026$54MAll Preferred Bank contractsVendor profile

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Questions about this contract

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

Preferred Bank was awarded this financial services contract by City of Alhambra, as recorded on August 24, 2026. The contract value is $100,000.00 certificate of deposit.

How much is the Preferred Bank contract with City of Alhambra worth?

The Preferred Bank contract with City of Alhambra is valued at $100,000.00 certificate of deposit, 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 Alhambra AgendaPacket Special Meeting August 24 2026 (AgendaPacket), dated August 24, 2026 from City of Alhambra. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Preferred Bank hold?

Preferred 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.

What is City of Alhambra currently buying?

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

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