City adds long-term Beal Bank CDs to portfolio
City of FairmontCity · Fairmont, MN- Disclosed value
- $245,000.00 (CD 07371DR66) and $244,000.00 (CD 07371DR58)
- From agenda
- Document date
- Jan 27, 2025
- Renews
- Free account
The 30-second brief
Fairmont invested in two long-term CDs with Beal Bank totaling $489,000 at rates of 4.70% and 4.65%, both maturing May 30, 2029. These positions bolster the city’s long-range interest income.
Beal Bank holds this financial services contract with City of Fairmont. Its other public contracts on record include work for North Carolina Real Estate Commission | State of North Carolina and City of Azusa.
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Contract details
- Contract type
- Financial Services
- Amount
- $245,000.00 (CD 07371DR66) and $244,000.00 (CD 07371DR58)
- Document date
- January 27, 2025
- Term
- June 5, 2024 – May 30, 2029; June 5, 2024 – May 30, 2029
- Renews
- On record
- Vendor
- Beal Bank
- Agency
- City of Fairmont
- Source document
- city-of-fairmont-agenda-2025-01-27_647.pdf (Agenda)
Beal Bank's other public contracts
More City of Fairmont contracts
Questions about this contract
Who was awarded the financial services contract by City of Fairmont?
Beal Bank was awarded this financial services contract by City of Fairmont, as recorded on January 27, 2025. The contract value is $245,000.00 (CD 07371DR66) and $244,000.00 (CD 07371DR58).
How much is the Beal Bank contract with City of Fairmont worth?
The Beal Bank contract with City of Fairmont is valued at $245,000.00 (CD 07371DR66) and $244,000.00 (CD 07371DR58), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record.
Where was this contract approved?
This contract appears in city-of-fairmont-agenda-2025-01-27_647.pdf (Agenda), dated January 27, 2025 from City of Fairmont. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Beal Bank hold?
Beal 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 Fairmont currently buying?
Explore City of Fairmont's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.