FINANCIAL_SERVICESONGOING

City Holds $4.68 Million Malaga Bank Certificate

Rancho Palos Verdes holds a $4.68 million Malaga Bank certificate of deposit. The 36-month investment was acquired August 19, 2024, and matures August 19, 2027.

Document date · October 5, 2026

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TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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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
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Scope & details

The full contract record, as filed.

Contract amount
$4,682,010.94
Contract type
FINANCIAL_SERVICES
Contract term
36 months; acquired 2024-08-19; maturity 2027-08-19
Renewal date
2027-08-19
Renewal
Certificate of deposit matures on August 19, 2027; 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?

Malaga Bank was awarded this financial services contract by City of Rancho Palos Verdes, as recorded on October 5, 2026. The contract value is $4,682,010.94.

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

The Malaga Bank contract with City of Rancho Palos Verdes is valued at $4,682,010.94, 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.

What other contracts does Malaga Bank hold?

Malaga 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.

View Malaga Bank's profile

What is City of Rancho Palos Verdes currently buying?

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

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