Council Considers Moving Opioid Funds from Century Bank
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Description
The City Council considered Resolution 2026-47 regarding the transfer of a portion of the City’s opioid settlement funds from Century Bank to Multi-Bank Securities, Inc. The proposal focuses on improving investment returns while preserving liquidity for opioid response operations.
Contract Details
Vendor
CENTURY BANK
Agency
City of Española, NM
Contract Type
FINANCIAL_SERVICES
Document Date
May 12, 2026
Renewal Info
Existing depository/holding relationship for opioid settlement funds at Century Bank; potential partial transfer contemplated, but no change approved in the text provided.
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