Civic IQ
FINANCIAL_SERVICESONGOING

BMO to Transition City Public Funds Accounts to FCB

BMO notified the City of Beach that its public funds deposit accounts will transition to First Citizens Bank in September 2026 as part of a branch acquisition. The city may alternatively close the accounts or renew eligible CDs under the provided terms.

Document date · July 1, 2026

Issuing agencyCity of BeachVendorBMO

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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 type
FINANCIAL_SERVICES
Contract term
To transition accounts by September 4, 2026
Renewal date
2026-08-21
Renewal
CDs maturing on or before August 2026 are eligible for renewal, while CDs maturing after August 2026 can be closed before August 21, 2026 with full interest and no early withdrawal penalty.
Document type
AgendaPacket
Source document
City of Beach AgendaPacket City Council Meeting 2026-07-01

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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 Beach?

BMO was awarded this financial services contract by City of Beach, as recorded on July 1, 2026.

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 Beach AgendaPacket City Council Meeting 2026-07-01 (AgendaPacket), dated July 1, 2026 from City of Beach. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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