Civic IQ
CONTRACTREDEEMED
Get alerts

First Business Bank CD Matures for City

City of Torrance logoCity of Torrance
Disclosed value
$0.161M
From report
Document date
Sep 30, 2019
Term
4.0 years (matured September 16, 2019)

The 30-second brief

What it covers

A $161,000 FDIC‑insured certificate of deposit with First Business Bank matured for the City of Torrance on September 16, 2019, earning 1.70% over four years. Multi‑Bank Securities brokered this placement.

Who holds it

First Business Bank holds this financial services contract with City of Torrance. Its other public contracts on record include work for Town of Adams and City of Brookfield.

What happens next

Term as filed: 4.0 years (matured September 16, 2019).

See who decides the next one before it's bid.

Get pre-RFPs free

Free account · 30-second setup · No credit card

Contract details

Contract type
Financial Services
Amount
$0.161M
Document date
September 30, 2019
Term
4.0 years (matured September 16, 2019)
Vendor
First Business Bank
Agency
City of Torrance
Source document
city_of_torrance_investment_report_september_2019.pdf (Report)

First Business Bank's other public contracts

Town of Adams, WisconsinBoard Approves First Business Bank as Investment Depository · Jun 9, 2026UndisclosedCity of Brookfield, WisconsinFirst Business Bank Added as City Depository · May 18, 2026UndisclosedTown of Adams, WisconsinFirst Business Bank Designated for County Funds · May 12, 2026UndisclosedTown of Adams, WisconsinFirst Business Bank Approved as County Depository · May 9, 2026UndisclosedGreen County, WisconsinFirst Business Bank Approved as County Depository · May 3, 2026UndisclosedAll First Business Bank contractsVendor profile

More City of Torrance contracts

Bank of AmericaTorrance Continues Treasury Services with Bank of America · Oct 6, 2026Riviera Little LeagueTorrance Approves Riviera Little League Facility Alterations · Oct 6, 2026UndisclosedCalifornia Water ServiceTorrance Amends Water Facilities Easement Agreement · Oct 6, 2026UndisclosedSouthern California EdisonTorrance Negotiates Easement With Southern California Edison · Sep 22, 2026UndisclosedTorrance Flite Park LLCTorrance Negotiates Airport Property Lease With Flite Park · Sep 22, 2026UndisclosedAll City of Torrance activityAgency profile

Questions about this contract

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

First Business Bank was awarded this financial services contract by City of Torrance, as recorded on September 30, 2019. The contract value is $0.161M.

How much is the First Business Bank contract with City of Torrance worth?

The First Business Bank contract with City of Torrance is valued at $0.161M, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in city_of_torrance_investment_report_september_2019.pdf (Report), dated September 30, 2019 from City of Torrance. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

Show 2 more questions

What other contracts does First Business Bank hold?

First Business 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.

What is City of Torrance currently buying?

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

Work in government? Get Civic IQ free →
More City of Torrance contracts →Browse all agencies in California →