FINANCIAL_SERVICESONGOING

Commonwealth Time Deposit Held With Asian Bank

The Commonwealth maintains a $1 million time deposit with Asian Bank as an approved depository. The deposit is scheduled to mature on June 30, 2025, with the current depository rate set at 4.375%.

Document date · June 18, 2025

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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
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$1,000,000.00
Contract type
FINANCIAL_SERVICES
Contract term
Outstanding time deposit maturing June 30, 2025
Renewal date
2025-06-30
Renewal
Time deposit maturity scheduled for June 30, 2025; future deposit terms and rates are subject to Commonwealth depository actions.
Document type
AgendaPacket
Source document
Board of Finance and Revenue AgendaPacket Statutory Meeting June 18, 2025

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by PA-State-Pennsylvania Treasury?

Asian Bank was awarded this financial services contract by PA-State-Pennsylvania Treasury, as recorded on June 18, 2025. The contract value is $1,000,000.00.

How much is the Asian Bank contract with PA-State-Pennsylvania Treasury worth?

The Asian Bank contract with PA-State-Pennsylvania Treasury is valued at $1,000,000.00, 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 Board of Finance and Revenue AgendaPacket Statutory Meeting June 18, 2025 (AgendaPacket), dated June 18, 2025 from PA-State-Pennsylvania Treasury. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Asian Bank hold?

Asian 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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