Merrick Bank CD Held in City Portfolio
City of KermanCity · Kerman, CA- Disclosed value
- $248,000.00
- From agenda
- Document date
- Mar 12, 2025
- Term
- 09/27/2023 – 04/04/2025
The 30-second brief
The City invests $248,000.00 in a 5.40% CD with Merrick Bank through April 4, 2025. As of January 31, 2025, the CD is valued at $248,431.52 and has generated $7,851.73 in interest.
Merrick Bank holds this financial services contract with City of Kerman. Its other public contracts on record include work for St. Louis Housing Authority and Avoca SD 37.
Term as filed: 09/27/2023 – 04/04/2025.
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Contract details
- Contract type
- Financial Services
- Amount
- $248,000.00
- Document date
- March 12, 2025
- Term
- 09/27/2023 – 04/04/2025
- Vendor
- Merrick Bank
- Agency
- City of Kerman
- Source document
- Kerman City Council Regular Meeting Agenda March 2025 (Agenda)
Merrick Bank's other public contracts
More City of Kerman contracts
Questions about this contract
Who was awarded the financial services contract by City of Kerman?
Merrick Bank was awarded this financial services contract by City of Kerman, as recorded on March 12, 2025. The contract value is $248,000.00.
How much is the Merrick Bank contract with City of Kerman worth?
The Merrick Bank contract with City of Kerman is valued at $248,000.00, 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 Kerman City Council Regular Meeting Agenda March 2025 (Agenda), dated March 12, 2025 from City of Kerman. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Merrick Bank hold?
Merrick 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 Kerman currently buying?
Explore City of Kerman's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.