City of Rochester Awards $5,000,000 Financial Services Contract to Profile Bank (October 2026)

Rochester issued a $5 million tax anticipation note through Profile Bank at a 3.99% interest rate. The short-term note was issued November 25, 2025, and was due February 28, 2026, to support cash flow before tax receipts.

Document date · October 13, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$5,000,000

Contract type

FINANCIAL_SERVICES

Contract term

November 25, 2025 – February 28, 2026

Renewal date

2026-02-28

Document type

AgendaPacket

Source document

City of Rochester AgendaPacket Joint City-School Finance Committee & City Finance Committee Meeting 2026-10-13

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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 Rochester?

Profile Bank was awarded this financial services contract by City of Rochester, as recorded on October 13, 2026. The contract value is $5,000,000.

How much is the Profile Bank contract with City of Rochester worth?

The Profile Bank contract with City of Rochester is valued at $5,000,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Rochester AgendaPacket Joint City-School Finance Committee & City Finance Committee Meeting 2026-10-13 (AgendaPacket), dated October 13, 2026 from City of Rochester. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Profile Bank hold?

Profile 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 Profile Bank's profile

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