FINANCIAL_SERVICESAPPROVED

City of Memphis city Awards $40,000 Financial Services Contract to COMERICA (March 2026)

The Council directed that, after an existing Comerica CD matures in three months, $40,000 be added to the ICS account and another CD be purchased to complete the City's CD ladder. This aligns Comerica investments with the City's broader laddering strategy.

Status
APPROVED
Document date
March 3, 2026
Contract type
FINANCIAL_SERVICES
Vendor
COMERICA
Agency
City of Memphis city · MI

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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
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$40,000
Contract type
FINANCIAL_SERVICES
Contract term
Additional funding after existing Comerica CD expires in 3 months
Renewal
Existing Comerica CD will mature in three months; upon maturity, funds will be reallocated to ICS and a new CD as part of the CD ladder.
Document type
Minutes
Source document
City of Memphis Council Meeting Minutes March 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

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

COMERICA was awarded this financial services contract by City of Memphis city, as recorded on March 3, 2026. The contract value is $40,000.

How much is the COMERICA contract with City of Memphis city worth?

The COMERICA contract with City of Memphis city is valued at $40,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Memphis Council Meeting Minutes March 2026 (Minutes), dated March 3, 2026 from City of Memphis city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does COMERICA hold?

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

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What is City of Memphis city currently buying?

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

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