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City Holds Anderson Bros Bank CD Investment

City of Palo Alto logoCity of Palo Alto
Disclosed value
$249,000.00 par value
From report
Document date
Jun 30, 2025

The 30-second brief

What it covers

The City of Palo Alto holds a $249,000 negotiable certificate of deposit with Anderson Bros Bank at 5.100% as of June 9, 2025. U.S. Bank safekeeps the CD as part of the City's fixed-income investments.

Who holds it

Anderson Brothers Bank holds this financial services contract with City of Palo Alto. Its other public contracts on record include work for City of Sumter and Pocosin Innovative Charter.

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Contract details

Contract type
Financial Services
Amount
$249,000.00 par value
Document date
June 30, 2025
Vendor
Anderson Brothers Bank
Agency
City of Palo Alto
Source document
city_of_palo_alto_monthly_investment_activity_repo.pdf (Report)

Anderson Brothers Bank's other public contracts

City of Sumter, South CarolinaPlanning review for new Anderson Brothers Bank branch · Oct 22, 2025UndisclosedPocosin Innovative Charter, North CarolinaPocosin Charter Considers Anderson Brothers Bank Term Sheet · Sep 16, 2025UndisclosedTown of Conway, North Carolinatown-of-conway-agenda-2024-08-14_a09.pdf · Aug 14, 2024$15KCity of Conway, MissouriExterior Renovations Approval Requested for Anderson Brothers Bank · Aug 14, 2024UndisclosedCity of Conway, South CarolinaExterior Renovations Approval Requested from Anderson Bank · Aug 14, 2024UndisclosedAll Anderson Brothers Bank contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by City of Palo Alto?

Anderson Brothers Bank was awarded this financial services contract by City of Palo Alto, as recorded on June 30, 2025. The contract value is $249,000.00 par value.

How much is the Anderson Brothers Bank contract with City of Palo Alto worth?

The Anderson Brothers Bank contract with City of Palo Alto is valued at $249,000.00 par value, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in city_of_palo_alto_monthly_investment_activity_repo.pdf (Report), dated June 30, 2025 from City of Palo Alto. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Anderson Brothers Bank hold?

Anderson Brothers 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 Palo Alto currently buying?

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

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