City of Raleigh Awards Financial Services Contract to Wells Fargo Bank Na (August 2026)

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $575,000

Contract type

FINANCIAL_SERVICES

Contract term

Two-year initial term with option for one additional one-year renewal (up to three years total)

Renewal

Contract allows a two-year initial term with the option to renew for one additional one-year term, subject to City Attorney approval.

Document type

Agenda

Source document

Raleigh City Council Agenda 2026-08-18

Frequently asked questions

Common questions about this contract, answered from the record.

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

Wells Fargo Bank Na was awarded this financial services contract by City of Raleigh, as recorded on August 15, 2026. The contract value is Not to exceed $575,000.

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

The Wells Fargo Bank Na contract with City of Raleigh is valued at Not to exceed $575,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Raleigh City Council Agenda 2026-08-18 (Agenda), dated August 15, 2026 from City of Raleigh. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Wells Fargo Bank Na hold?

Wells Fargo Bank Na may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Wells Fargo Bank Na's profile

What is City of Raleigh currently buying?

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

View City of Raleigh's profile