City of Torrance Awards Financial Services Contract to Prime Alliance Bank (June 2022)
City of TorranceCity · Torrance, CA- Disclosed value
- $245,000 (par value of matured CD)
- From report
- Document date
- Jun 30, 2022
The 30-second brief
Prime Alliance Bank’s $245,000 certificate of deposit in the City of Torrance’s portfolio matured on June 30, 2022 with a 2.00% coupon. The long-term, FDIC-insured investment returned full principal at term.
Prime Alliance Bank holds this financial services contract with City of Torrance. Its other public contracts on record include work for Oconto County and Utah Office of the State Treasurer | State of Utah.
Term as filed: Purchased 07/05/2017; matured 06/30/2022 (approx. 5-year CD).
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Contract details
- Contract type
- Financial Services
- Amount
- $245,000 (par value of matured CD)
- Document date
- June 30, 2022
- Term
- Purchased 07/05/2017; matured 06/30/2022 (approx. 5-year CD)
- Vendor
- Prime Alliance Bank
- Agency
- City of Torrance
- Source document
- city_of_torrance_investment_report_june_2022.pdf (Report)
Prime Alliance Bank's other public contracts
More City of Torrance contracts
Questions about this contract
Who was awarded the financial services contract by City of Torrance?
Prime Alliance Bank was awarded this financial services contract by City of Torrance, as recorded on June 30, 2022. The contract value is $245,000 (par value of matured CD).
How much is the Prime Alliance Bank contract with City of Torrance worth?
The Prime Alliance Bank contract with City of Torrance is valued at $245,000 (par value of matured CD), 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_june_2022.pdf (Report), dated June 30, 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 Prime Alliance Bank hold?
Prime Alliance 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.