CONTRACTONGOING

CERMA Transfers Seed Funding to California Bank

Employment Risk Management Authority (Erma)

Disclosed value: $250,000; From agendapacket
Document date: Oct 23, 2026
Term: July 1, 2026

What it covers

CERMA established a money market account with California Bank & Trust and transferred $250,000 in seed funding on July 1, 2026. The account supported the captive’s initial operational capitalization.

Who holds it

California Bank & Trust holds this financial services contract with Employment Risk Management Authority (Erma). Its other public contracts on record include work for Ararat Charter and Ararat Charter District.

What happens next

Term as filed: July 1, 2026.

See who decides the next one before it's bid.

Get pre-RFPs free

Free account · 30-second setup · No credit card

Contract details

Contract type: Financial Services
Amount: $250,000
Document date: October 23, 2026
Term: July 1, 2026
Vendor: California Bank & Trust
Agency: Employment Risk Management Authority (Erma)
Source document: Captive for Employment Risk Management Authority AgendaPacket Board of Directors Meeting 2026-10-23 (AgendaPacket)

California Bank & Trust's other public contracts

Ararat Charter, CaliforniaBoard Discusses California Bank Facilities Financing Options · Oct 21, 2026Undisclosed Ararat Charter District, CaliforniaSchool Board to Discuss California Bank Loan Matters · Oct 15, 2026Undisclosed Ararat Charter District, CaliforniaSchool Board Seeks Approval for Bank Facility Financing · Oct 15, 2026Undisclosed Metro Wastewater Joint Powers Authority, CaliforniaMetro JPA Uses California Bank Trust For Banking Services · Sep 22, 2026Undisclosed Sanitary District No. 5 of Marin County, CaliforniaDistrict Processes $707,000 MP Upgrade Loan Payment · Sep 17, 2026$707K All California Bank & Trust contractsVendor profile

More Employment Risk Management Authority (Erma) contracts

Sampson & SampsonSampson and Sampson Identified as CERMA CPA · Oct 23, 2026Undisclosed Holland & HartHolland and Hart Serves as CERMA Legal Counsel · Oct 23, 2026Undisclosed Pfm Asset ManagementCERMA Reviews PFM Asset Management Portfolio Update · Oct 23, 2026Undisclosed SEDGWICKSedgwick Provides CERMA Management and Claims Services · Oct 23, 2026Undisclosed BICKMOREBickmore Actuarial Analysis Supports CERMA Captive Funding · Oct 23, 2026Undisclosed All Employment Risk Management Authority (Erma) activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Employment Risk Management Authority (Erma)?

California Bank & Trust was awarded this financial services contract by Employment Risk Management Authority (Erma), as recorded on October 23, 2026. The contract value is $250,000.

How much is the California Bank & Trust contract with Employment Risk Management Authority (Erma) worth?

The California Bank & Trust contract with Employment Risk Management Authority (Erma) is valued at $250,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Captive for Employment Risk Management Authority AgendaPacket Board of Directors Meeting 2026-10-23 (AgendaPacket), dated October 23, 2026 from Employment Risk Management Authority (Erma). Civic IQ extracts contract records directly from agency meeting documents and solicitations.

Show 2 more questions

What other contracts does California Bank & Trust hold?

California Bank & Trust 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 Employment Risk Management Authority (Erma) currently buying?

Explore Employment Risk Management Authority (Erma)'s vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

Work in government? Get Civic IQ free →

More Employment Risk Management Authority (Erma) contracts →Browse all agencies in California →