FINANCIAL_SERVICESAPPROVED

NYC-Department of Finance Awards Financial Services Contract to Oceanfirst Bank (May 2026)

The NYC Banking Commission approved OceanFirst Bank as an official New York City depository bank for up to a two-year term. The designation allows OceanFirst Bank to hold City funds in accordance with the NYC Charter and RCNY banking regulations.

Document date · May 7, 2026

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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
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Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
Up to two-year designation period per RCNY § 1-03(b)
Renewal
Initial designation term is no longer than two years and may be extended by majority vote of the Banking Commission per Title 22 RCNY § 1-03(b). Future renewals or extensions would require additional Commission action.
Document type
Minutes
Source document
New York City Banking Commission Minutes May 07, 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 NYC-Department of Finance?

Oceanfirst Bank was awarded this financial services contract by NYC-Department of Finance, as recorded on May 7, 2026.

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 New York City Banking Commission Minutes May 07, 2026 (Minutes), dated May 7, 2026 from NYC-Department of Finance. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Oceanfirst Bank hold?

Oceanfirst 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.

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