MultiBank Securities Manages City Investment Portfolio
City of FairmontCity · Fairmont, MN- Disclosed value
- Various CDs and federal agency securities totaling $7,972,000
- From agenda
- Document date
- Aug 8, 2022
The 30-second brief
MultiBank Securities manages a significant portion of Fairmont’s investment portfolio, with CDs and federal agency securities totaling nearly $8 million as of June 30, 2022. These holdings produced close to $19,000 in interest earnings in the first half of 2022.
Multibank Securities holds this financial services contract with City of Fairmont. Its other public contracts on record include work for City of Green River and The Colony Mud 1G.
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Contract details
- Contract type
- Financial Services
- Amount
- Various CDs and federal agency securities totaling $7,972,000
- Document date
- August 8, 2022
- Vendor
- Multibank Securities
- Agency
- City of Fairmont
- Source document
- Fairmont City Council Meeting Agenda August 8, 2022 (Agenda)
Multibank Securities's other public contracts
More City of Fairmont contracts
Questions about this contract
Who was awarded the financial services contract by City of Fairmont?
Multibank Securities was awarded this financial services contract by City of Fairmont, as recorded on August 8, 2022. The contract value is Various CDs and federal agency securities totaling $7,972,000.
How much is the Multibank Securities contract with City of Fairmont worth?
The Multibank Securities contract with City of Fairmont is valued at Various CDs and federal agency securities totaling $7,972,000, 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 Fairmont City Council Meeting Agenda August 8, 2022 (Agenda), dated August 8, 2022 from City of Fairmont. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Multibank Securities hold?
Multibank Securities 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.