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Northfield Bank CD Matures for City of Torrance

City of Torrance logoCity of Torrance
Disclosed value
$245,000
From report
Document date
Feb 28, 2022

The 30-second brief

What it covers

The City’s $245,000 FDIC-insured certificate of deposit with Northfield Bank matured on February 22, 2022 after a four-year term at 2.45%. Proceeds were returned to the City's pooled investment funds.

Who holds it

Northfield Bank holds this financial services contract with City of Torrance. Its other public contracts on record include work for Township of Holland and Township of Hopewell.

What happens next

Term as filed: Approximately December 2017 – February 22, 2022 (4.0 years).

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Contract details

Contract type
Financial Services
Amount
$245,000
Document date
February 28, 2022
Term
Approximately December 2017 – February 22, 2022 (4.0 years)
Vendor
Northfield Bank
Agency
City of Torrance
Source document
city_of_torrance_investment_report_february_2022.pdf (Report)

Northfield Bank's other public contracts

Township of Holland, New JerseyHolland Township Designates Northfield Bank · Oct 20, 2026UndisclosedTownship of Holland, New JerseyTownship Designates Northfield Bank Depository · Oct 20, 2026UndisclosedTownship of Hopewell, New JerseyFire District Approves Tanker And Marine Bond Payment · Oct 8, 2026Township of Clinton, New JerseyCD Transfer Planned with Northfield Bank · Sep 2, 2026UndisclosedTownship of Hopewell, New JerseyDistrict Opens New Account With Northfield Bank · Jul 9, 2026UndisclosedAll Northfield Bank contractsVendor profile

More City of Torrance contracts

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Questions about this contract

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

Northfield Bank was awarded this financial services contract by City of Torrance, as recorded on February 28, 2022. The contract value is $245,000.

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

The Northfield Bank contract with City of Torrance is valued at $245,000, 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_february_2022.pdf (Report), dated February 28, 2022 from City of Torrance. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Northfield Bank hold?

Northfield 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.

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