FINANCIAL_SERVICESRECOMMENDED

Long Beach Recommends $50 Million Wells Fargo Facility

Long Beach recommended a revolving credit facility lease financing with Wells Fargo Bank for up to $50 million. The one-year facility would be backed by the General Fund and support interim financing for capital projects.

Document date · September 22, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Aggregate principal amount not to exceed $50,000,000
Contract type
FINANCIAL_SERVICES
Contract term
Maximum period of one year
Document type
Agenda
Source document
City of Long Beach Agenda 2026-09-22

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Long Beach?

Wells Fargo Bank National Association was awarded this financial services contract by City of Long Beach, as recorded on September 22, 2026. The contract value is Aggregate principal amount not to exceed $50,000,000.

How much is the Wells Fargo Bank National Association contract with City of Long Beach worth?

The Wells Fargo Bank National Association contract with City of Long Beach is valued at Aggregate principal amount not to exceed $50,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Long Beach Agenda 2026-09-22 (Agenda), dated September 22, 2026 from City of Long Beach. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Wells Fargo Bank National Association hold?

Wells Fargo Bank National Association 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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