FINANCIAL_SERVICESONGOING

City Maintains BMO Checking and Money Market Accounts

Rancho Palos Verdes maintains approximately $4.4 million with BMO in checking and money market accounts. The City opened the money market account in April 2024 to earn interest on idle operating funds.

Document date · October 5, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$4.4 million total; $2.7 million checking and $1.7 million money market
Contract type
FINANCIAL_SERVICES
Renewal
Banking relationship ongoing; specific account renewal terms are not stated.
Document type
StaffReport
Source document
City of Rancho Palos Verdes Staff Report August 2026 Cash Balances/Monthly Treasurer’s Report 2026-10-06

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Rancho Palos Verdes?

BMO was awarded this financial services contract by City of Rancho Palos Verdes, as recorded on October 5, 2026. The contract value is $4.4 million total; $2.7 million checking and $1.7 million money market.

How much is the BMO contract with City of Rancho Palos Verdes worth?

The BMO contract with City of Rancho Palos Verdes is valued at $4.4 million total; $2.7 million checking and $1.7 million money market, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Rancho Palos Verdes Staff Report August 2026 Cash Balances/Monthly Treasurer’s Report 2026-10-06 (StaffReport), dated October 5, 2026 from City of Rancho Palos Verdes. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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

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