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City Reports Additional $8.99 Million Deposit

City of Rancho Santa Margarita logoCity of Rancho Santa Margarita
Disclosed value
$8,993,648
From staffreport
Document date
Nov 11, 2026

The 30-second brief

What it covers

Rancho Santa Margarita reported $8.99 million in an additional California Bank of Commerce interest-bearing deposit account. The account earned 3.86% annually during September 2026 and supported the City's compliant liquidity position.

Who holds it

California Bank of Commerce holds this financial services contract with City of Rancho Santa Margarita. Its other public contracts on record include work for Contra Costa College and Mendocino Coast Recreation And Park District.

What happens next

Term as filed: Ongoing; interest-bearing deposit account.

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Contract details

Contract type
Financial Services
Amount
$8,993,648
Document date
November 11, 2026
Term
Ongoing; interest-bearing deposit account
Vendor
California Bank of Commerce
Agency
City of Rancho Santa Margarita
Source document
City of Rancho Santa Margarita StaffReport Investment Report for the Month of September 2026 2026-11-12 (StaffReport)

California Bank of Commerce's other public contracts

City of Rancho Santa Margarita, CaliforniaCity Reports $2.08 Million Bank Deposit · Nov 11, 2026$2.1MCity of Rancho Santa Margarita, CaliforniaCity Reports $864,354 Checking Account Balance · Nov 11, 2026$864.4KContra Costa College, CaliforniaBoard Ratifies California Bank Escrow Payment · Nov 7, 2026$125.2KMendocino Coast Recreation And Park District, CaliforniaDistrict Approves Updated California Bank Account Signers · Oct 21, 2026UndisclosedManzanita Public Charter, CaliforniaSchool Considers Adding Authorized Bank Account User · Oct 14, 2026UndisclosedAll California Bank of Commerce contractsVendor profile

More City of Rancho Santa Margarita contracts

Charles Abbott Associates IncBuilding and Safety Payment Ratified for Charles Abbott · Nov 11, 2026$36.5KGorman, RonMusic Instruction Payment Ratified for Ron Gorman · Nov 11, 2026$243.7Skyline Pest ControlPest Control Payment Ratified for Skyline Pest Control · Nov 11, 2026$380Matrix Audio Visual Designs IncCity Awarded Audio Visual Upgrade Agreement to Matrix · Nov 11, 2026UndisclosedCalifornia Bank of CommerceCity Reports $2.08 Million Bank Deposit · Nov 11, 2026$2.1MAll City of Rancho Santa Margarita activityAgency profile

Questions about this contract

Who was awarded the financial services contract by City of Rancho Santa Margarita?

California Bank of Commerce was awarded this financial services contract by City of Rancho Santa Margarita, as recorded on November 11, 2026. The contract value is $8,993,648.

How much is the California Bank of Commerce contract with City of Rancho Santa Margarita worth?

The California Bank of Commerce contract with City of Rancho Santa Margarita is valued at $8,993,648, 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 Santa Margarita StaffReport Investment Report for the Month of September 2026 2026-11-12 (StaffReport), dated November 11, 2026 from City of Rancho Santa Margarita. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does California Bank of Commerce hold?

California Bank of Commerce 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 Rancho Santa Margarita currently buying?

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

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