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Truist remains Town’s operating bank in FY2027

Town of Somerset
Disclosed value
$150.00 (FY2027 projected interest income)
From agenda
Document date
Apr 20, 2026
Term
Fiscal Year 2027

The 30-second brief

What it covers

Somerset will continue its operating banking relationship with Truist Bank in FY2027, expecting approximately $150 in interest on operating accounts. Truist also holds the Town’s poolhouse bond.

Who holds it

Truist Bank holds this financial services contract with Town of Somerset. Its other public contracts on record include work for Westchase Community Development District and Artisan Lakes Community Development District.

What happens next

Term as filed: Fiscal Year 2027.

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Contract details

Contract type
Financial Services
Amount
$150.00 (FY2027 projected interest income)
Document date
April 20, 2026
Term
Fiscal Year 2027
Vendor
Truist Bank
Agency
Town of Somerset
Source document
Town of Somerset Council Work Session Agenda April 2026 (Agenda)

Truist Bank's other public contracts

Westchase Community Development District, FloridaDistrict Pays Truist Bank for Credit-Card Expenses · Nov 5, 2026$3.9KArtisan Lakes Community Development District, FloridaDistrict Maintains Checking Account With Truist Bank · Nov 3, 2026UndisclosedCumberland County Improvement Authority, New JerseyAuthority Designates Truist Bank as Public Depository · Oct 28, 2026UndisclosedSan Francisco Public Utilities Commission, CaliforniaSFPUC Approves Truist Wastewater Credit Facility · Oct 27, 2026New College Of Florida, FloridaTruist-Held Housing Debt Included in Refinancing Plan · Oct 27, 2026All Truist Bank contractsVendor profile

More Town of Somerset contracts

Feather & AssociatesTree Removal Recommendations Submitted by Town Arborist · Nov 2, 2026UndisclosedFeather & AssociatesFall Tree Planting Plan Submitted by Feather Associates · Nov 2, 2026UndisclosedGOGOVSomerset Operates GoGov Resident Request App · Oct 19, 2026UndisclosedSHANNON-BAUMSomerset Traffic-Calming Work Includes Shannon-Baum · Oct 19, 2026UndisclosedDEWBERRYSomerset Continues Infrastructure Planning with Dewberry · Oct 19, 2026UndisclosedAll Town of Somerset activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Town of Somerset?

Truist Bank was awarded this financial services contract by Town of Somerset, as recorded on April 20, 2026. The contract value is $150.00 (FY2027 projected interest income).

How much is the Truist Bank contract with Town of Somerset worth?

The Truist Bank contract with Town of Somerset is valued at $150.00 (FY2027 projected interest income), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Town of Somerset Council Work Session Agenda April 2026 (Agenda), dated April 20, 2026 from Town of Somerset. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Truist Bank hold?

Truist 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 Town of Somerset currently buying?

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

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