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Intracoastal Bank Certificate of Deposit in Portfolio

City of Palo Alto logoCity of Palo Alto
Disclosed value
$249,000.00
From report
Document date
May 31, 2025

The 30-second brief

What it covers

As part of its May 2025 investment activity, the City of Palo Alto holds a $249,000 negotiable certificate of deposit with Intracoastal Bank at a 5.000% rate. This instrument forms part of the City's liquid investment portfolio.

Who holds it

Intracoastal Bank holds this financial services contract with City of Palo Alto. Its other public contracts on record include work for Volusia County Housing Finance Authority and Town of Marineland.

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Contract details

Contract type
Financial Services
Amount
$249,000.00
Document date
May 31, 2025
Vendor
Intracoastal Bank
Agency
City of Palo Alto
Source document
city_of_palo_alto_monthly_investment_activity_repo.pdf (Report)

Intracoastal Bank's other public contracts

Volusia County Housing Finance Authority, FloridaAuthority Considers Money Market Account at Intracoastal Bank · Aug 11, 2026UndisclosedVolusia County Housing Finance Authority, FloridaAuthority Considers Intracoastal Bank CD Authorization · Jan 13, 2026UndisclosedTown of Marineland, FloridaLoan Payment Approved for Intracoastal Bank · Nov 16, 2023$6.1KTown of Marineland town, FloridaQuarterly Loan Payment to IntraCoastal Bank · Apr 21, 2022$6.9KTown of Marineland town, FloridaQuarterly Loan Payment to Intracoastal Bank Authorized · Dec 16, 2021UndisclosedAll Intracoastal Bank contractsVendor profile

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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?

Intracoastal Bank was awarded this financial services contract by City of Palo Alto, as recorded on May 31, 2025. The contract value is $249,000.00.

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

The Intracoastal Bank contract with City of Palo Alto is valued at $249,000.00, 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 May 31, 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 Intracoastal Bank hold?

Intracoastal 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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