City Holds Long-Term CD with American Express Bank
City of PinoleCity · Pinole, CA- Disclosed value
- $271,760
- From report
- Document date
- Jun 30, 2020
- Term
- Matures 2023-03-01
The 30-second brief
Pinole’s investment portfolio includes a $250,000 certificate of deposit with American Express Bank, booked at $271,760 and yielding roughly 2.25% until its March 2023 maturity. This CD contributes to the City’s long-term laddered investment structure.
American Express Bank holds this financial services contract with City of Pinole. Its other public contracts on record include work for Cedar city Housing Authority and Town of Schaumburg.
Term as filed: Matures 2023-03-01.
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Contract details
- Contract type
- Financial Services
- Amount
- $271,760
- Document date
- June 30, 2020
- Term
- Matures 2023-03-01
- Vendor
- American Express Bank
- Agency
- City of Pinole
- Source document
- city_of_pinole_quarterly_investment_report_june_20.pdf (Report)
American Express Bank's other public contracts
More City of Pinole contracts
Questions about this contract
Who was awarded the financial services contract by City of Pinole?
American Express Bank was awarded this financial services contract by City of Pinole, as recorded on June 30, 2020. The contract value is $271,760.
How much is the American Express Bank contract with City of Pinole worth?
The American Express Bank contract with City of Pinole is valued at $271,760, 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_pinole_quarterly_investment_report_june_20.pdf (Report), dated June 30, 2020 from City of Pinole. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does American Express Bank hold?
American Express 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 Pinole currently buying?
Explore City of Pinole's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.