CONTRACTONGOING

MultiBank Securities manages large city investment portfolio

Disclosed value: $12,450,000.00 (total MultiBank investments); From agenda
Document date: Jan 27, 2025
Renews: Mar 2027; Free account

What it covers

Fairmont utilizes MultiBank Securities as a broker for a diverse portfolio of CDs and agency bonds totaling $12.45 million, with maturities extending to 2029. The relationship yields substantial annual interest income.

Who holds it

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.

What happens next

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

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Contract details

Contract type: Financial Services
Amount: $12,450,000.00 (total MultiBank investments)
Document date: January 27, 2025
Term: Various CDs and FHLMC/FHLB securities maturing between 2024 and 2029
Renews: Free account
Vendor: Multibank Securities
Agency: City of Fairmont
Source document: city-of-fairmont-agenda-2025-01-27_647.pdf (Agenda)

Multibank Securities's other public contracts

City of Green River, WyomingMulti-Bank Securities, Inc. agreement approved by City Council · Nov 18, 2025Undisclosed The Colony Mud 1G, TexasMulti-Bank Securities, Inc. approved as qualified broker · Sep 23, 2025Undisclosed Freeborn County, MinnesotaCounty Designates Banks as Official Depositories · Jul 11, 2025Undisclosed Burnet County, TexasMultiBank Securities Oversees County CD Investments · Feb 11, 2025$3.7M Town of Vergennes, IllinoisCity Discusses Fixed Income Brokerage Account. · Jan 14, 2025Undisclosed All Multibank Securities contractsVendor profile

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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 January 27, 2025. The contract value is $12,450,000.00 (total MultiBank investments).

How much is the Multibank Securities contract with City of Fairmont worth?

The Multibank Securities contract with City of Fairmont is valued at $12,450,000.00 (total MultiBank investments), 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 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.

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