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City of Memphis Awards $731,300 Financial Services Contract to First Horizon Bank (May 2026)

City of Memphis logoCity of Memphis
Disclosed value
$731,300.00
From resolution
Approved
May 26, 2026
Renews
Free account

The 30-second brief

What it covers

The Memphis City Council accepted a $731,300 cashier’s check from First Horizon Bank as financial security for the Memphis Brooks Museum of Art public improvement contract. The cash deposit replaces a traditional performance bond through June 30, 2028.

Who holds it

First Horizon Bank holds this financial services contract with City of Memphis. Its other public contracts on record include work for Gateway Services Community Development District and City of Horn Lake.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every City of Memphis contract.

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Contract details

Contract type
Financial Services
Amount
$731,300.00
Document date
May 26, 2026
Term
Through June 30, 2028 (matches secured contract term)
Renews
Free account
Vendor
First Horizon Bank
Agency
City of Memphis
Source document
Memphis City Council Resolution Reverend Dr. Gerald Rayborn Sr. Drive 2026-05-26 (Resolution)

First Horizon Bank's other public contracts

Gateway Services Community Development District , FloridaGateway Awards $7.54 Million Bond Placement to First Horizon · Oct 12, 2026 Gateway Services Community Development District , FloridaDistrict Approves First Horizon 2026 Financing Term Sheet · Oct 1, 2026Undisclosed Gateway Services Community Development District , FloridaDistrict Approves First Horizon 2026 Financing Term Sheet · Sep 28, 2026UndisclosedCity of Horn Lake, MississippiHorn Lake Approves First Horizon Purchase Claims · Sep 15, 2026Franklin Special School District, TennesseeDistrict Banking Relationship with First Horizon Bank · Aug 31, 2026UndisclosedAll First Horizon Bank contractsVendor profile

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Clayton Holdings LLCMemphis Amends Clayton Holdings Solid Waste Vehicle Lease · Oct 5, 2026Orion 9x Technologies LLCOrion 9X Proposes Memphis Battery Storage Procurement · Oct 5, 2026UndisclosedCliftonlarsonallen LLP (Cla)MLGW Awards CliftonLarsonAllen Five-Year Audit Contract · Oct 5, 2026$1.1MAllen & Hoshall IncMLGW Renews Allen & Hoshall Engineering Contract · Oct 5, 2026$250KRadian Research IncCouncil Extends Radian Research Meter Testing Contract · Oct 5, 2026$94.5KAll City of Memphis activityAgency profile

Questions about this contract

Who was awarded the financial services contract by City of Memphis?

First Horizon Bank was awarded this financial services contract by City of Memphis, as recorded on May 26, 2026. The contract value is $731,300.00.

How much is the First Horizon Bank contract with City of Memphis worth?

The First Horizon Bank contract with City of Memphis is valued at $731,300.00, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Memphis City Council Resolution Reverend Dr. Gerald Rayborn Sr. Drive 2026-05-26 (Resolution), dated May 26, 2026 from City of Memphis. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does First Horizon Bank hold?

First Horizon 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 Memphis currently buying?

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

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