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Palmdale Authorizes Wells Fargo Public Deposit Services

City of Palmdale logoCity of Palmdale
Disclosed value
Up to $2,000,000 per demand deposit account and $2,500,000 in aggregate
From budget
Document date
Nov 11, 2026

The 30-second brief

What it covers

Palmdale authorizes public deposits with Wells Fargo Bank under its investment policy. The policy sets specified deposit limits and requires compliance with collateralization and state-law requirements.

Who holds it

Wells Fargo Bank holds this financial services contract with City of Palmdale. Its other public contracts on record include work for Lancaster County and Genesee Water And Sanitation District.

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Contract details

Contract type
Financial Services
Amount
Up to $2,000,000 per demand deposit account and $2,500,000 in aggregate
Document date
November 11, 2026
Vendor
Wells Fargo Bank
Agency
City of Palmdale
Source document
City of Palmdale Budget FY 2026-27 Adopted Budget 2026-11-11 (Budget)

Wells Fargo Bank's other public contracts

Lancaster County, South CarolinaWells Fargo Bank Listed for Walnut Creek Facility · Nov 11, 2026UndisclosedLancaster County, South CarolinaWells Fargo Bank Listed for Walnut Creek Facility · Nov 11, 2026UndisclosedGenesee Water And Sanitation District, ColoradoDistrict Completes Wells Fargo Building Loan Repayment · Nov 8, 2026Middlesex County Vocational and Technical School District, New JerseyWells Fargo Proposed as District Funds Depository · Nov 7, 2026UndisclosedLos Lunas village, New MexicoLos Lunas Transitions Banking Services from Wells Fargo · Nov 5, 2026UndisclosedAll Wells Fargo Bank contractsVendor profile

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Questions about this contract

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

Wells Fargo Bank was awarded this financial services contract by City of Palmdale, as recorded on November 11, 2026. The contract value is Up to $2,000,000 per demand deposit account and $2,500,000 in aggregate.

How much is the Wells Fargo Bank contract with City of Palmdale worth?

The Wells Fargo Bank contract with City of Palmdale is valued at Up to $2,000,000 per demand deposit account and $2,500,000 in aggregate, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a budget record.

Where was this contract approved?

This contract appears in City of Palmdale Budget FY 2026-27 Adopted Budget 2026-11-11 (Budget), dated November 11, 2026 from City of Palmdale. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Wells Fargo Bank hold?

Wells Fargo 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 Palmdale currently buying?

Explore City of Palmdale's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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