FINANCIAL_SERVICESAWARDED

Office of the Washington State Treasurer Awards Financial Services Contract to Wells Fargo Bank National Association (June 2026)

The Washington State Finance Committee approved the competitive sale of $190.24 million in taxable General Obligation Bonds, Series 2026T-3, awarding the issue to Wells Fargo Bank, National Association at a bid price of about $190.68 million. The bonds, maturing between 2027 and 2034, will finance various state capital projects and associated issuance costs under Bond Resolution No. 1296.

Status
AWARDED
Document date
June 16, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Wells Fargo Bank National Association
Agency
Office of the Washington State Treasurer · WA

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Derivita logo
Comcate logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
$190,675,325.44 for $190,845,000 principal (discount $169,674.56; total interest cost $39,122,371.75)
Contract type
FINANCIAL_SERVICES
Contract term
Bonds maturing annually August 1, 2027–August 1, 2034; closing anticipated June 25, 2026
Renewal date
2034-08-01
Renewal
Single competitive bond underwriting and purchase; no renewals or extensions contemplated. Bonds amortize to final maturity on August 1, 2034.
Document type
Resolution
Source document
State Finance Committee Resolution No. 1315 2026-06-16

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Office of the Washington State Treasurer?

Wells Fargo Bank National Association was awarded this financial services contract by Office of the Washington State Treasurer, as recorded on June 16, 2026. The contract value is $190,675,325.44 for $190,845,000 principal (discount $169,674.56; total interest cost $39,122,371.75).

How much is the Wells Fargo Bank National Association contract with Office of the Washington State Treasurer worth?

The Wells Fargo Bank National Association contract with Office of the Washington State Treasurer is valued at $190,675,325.44 for $190,845,000 principal (discount $169,674.56; total interest cost $39,122,371.75), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in State Finance Committee Resolution No. 1315 2026-06-16 (Resolution), dated June 16, 2026 from Office of the Washington State Treasurer. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Wells Fargo Bank National Association hold?

Wells Fargo Bank National Association may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Wells Fargo Bank National Association's profile

What is Office of the Washington State Treasurer currently buying?

Explore Office of the Washington State Treasurer's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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