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City Considers New Investment Accounts with HCN Bank

City of Hemet logoCity of Hemet
Document date
Jul 30, 2026

The 30-second brief

What it covers

HCN Bank has proposed fully collateralized certificates of deposit and a local agency money market account to the City of Hemet, offering rates of 3.25% APR for 3–12 month CDs and 3.1% APR for the money market. The Investment Oversight Committee will consider whether to establish an investment account and allocate funds to this local institution.

Who holds it

Hcn Bank holds this financial services contract with City of Hemet. Its other public contracts on record include work for College Of The Desert and City of Banning.

What happens next

Term as filed: Proposed 3–12 month Certificates of Deposit at 3.25% APR; Local Agency Money Market Account with current 3.1% APR.

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Contract details

Contract type
Financial Services
Document date
July 30, 2026
Term
Proposed 3–12 month Certificates of Deposit at 3.25% APR; Local Agency Money Market Account with current 3.1% APR
Vendor
Hcn Bank
Agency
City of Hemet
Source document
City of Hemet Investment Oversight Committee Agenda Packet 2026-07-30 (AgendaPacket)

Hcn Bank's other public contracts

City of Hemet, CaliforniaHemet Committee Approves HCN Bank Investment Action · Oct 22, 2026UndisclosedCollege Of The Desert, CaliforniaEscrow Retention Agreement Extended With HCN Bank · Sep 16, 2026UndisclosedCity of Banning, CaliforniaHCN Bank Maintains Banning City Accounts · Sep 15, 2026San Gorgonio Pass Water Agency, CaliforniaHCN Bank Cash Management Relationship Identified · Sep 14, 2026UndisclosedYucaipa-Calimesa Joint Unified, CaliforniaEscrow agreement payments to HCN Bank · May 12, 2026$3.6KAll Hcn Bank contractsVendor profile

More City of Hemet contracts

Public Treasury Management & AdvisoryHemet Committee Receives Treasury Management Update · Oct 22, 2026UndisclosedHcn BankHemet Committee Approves HCN Bank Investment Action · Oct 22, 2026UndisclosedPublic Trust AdvisorsPublic Trust Advisors Updates Hemet Investment Committee · Oct 22, 2026UndisclosedRichland Ventures IncHemet References Property Access Agreement With Richland · Oct 20, 2026UndisclosedPacific Hydrotech CorporationWell Treatment Plant Agreement Increase Recommended for Hydrotech · Oct 13, 2026All City of Hemet activityAgency profile

Questions about this contract

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

Hcn Bank was awarded this financial services contract by City of Hemet, as recorded on July 30, 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 Hemet Investment Oversight Committee Agenda Packet 2026-07-30 (AgendaPacket), dated July 30, 2026 from City of Hemet. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Hcn Bank hold?

Hcn 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.

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