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Exchange State Bank CD Purchased by City

City of Palo Alto logoCity of Palo Alto
Disclosed value
$249,000.00 par value
From report
Document date
Sep 1, 2024

The 30-second brief

What it covers

On September 19, 2024, the City purchased a $249,000 negotiable certificate of deposit from Exchange State Bank. The investment enhances the City's laddered CD portfolio.

Who holds it

Exchange State Bank holds this financial services contract with City of Palo Alto. Its other public contracts on record include work for City of Springville and City of Collins.

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Contract details

Contract type
Financial Services
Amount
$249,000.00 par value
Document date
September 1, 2024
Vendor
Exchange State Bank
Agency
City of Palo Alto
Source document
city_of_palo_alto_monthly_investment_activity_repo.pdf (Report)

Exchange State Bank's other public contracts

City of Springville, IowaExchange State Bank Retained as Depository · Sep 8, 2026City of Collins, IowaBank Safety Deposit Fee Paid · Aug 13, 2026$12City of Exira, IowaCouncil to approve fire truck loan financing · Jul 12, 2026UndisclosedCity of Collins, GeorgiaTruck Loan Payment to Exchange State Bank Approved · Jul 9, 2026$13KAudubon County Memorial Hospital, IowaCD Reinvested After Maturity at Exchange State Bank · Jun 25, 2026$964.6KAll Exchange State Bank contractsVendor profile

More City of Palo Alto contracts

Palo Alto Community Child CareChild Care Partnership Letter of Intent Proposed with Palo Alto · Oct 22, 2026UndisclosedPacket FusionPacket Fusion Zoom Government Purchase Orders Proposed · Oct 22, 2026Palo Alto Community Child CarePalo Alto Approves Child Care Partnership Letter of Intent · Oct 22, 2026UndisclosedPacket FusionPalo Alto Approves $1.2 Million Zoom Government Procurement · Oct 22, 2026Jones Hall LLPJones Hall Serves as Bond Counsel for Palo Alto Financing · Oct 20, 2026All City of Palo Alto activityAgency profile

Questions about this contract

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

Exchange State Bank was awarded this financial services contract by City of Palo Alto, as recorded on September 1, 2024. The contract value is $249,000.00 par value.

How much is the Exchange State Bank contract with City of Palo Alto worth?

The Exchange State 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 September 1, 2024 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 Exchange State Bank hold?

Exchange State 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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