FINANCIAL_SERVICESONGOING

MWVCOG Reviews Wells Fargo Banking Relationship

MWVCOG is reviewing its long-standing banking relationship with Wells Fargo after finding that bank fees substantially offset interest earned on several million dollars in deposits. Staff planned a selection process for potentially replacing the relationship with a local banking provider and expected to bring a recommendation to the Board.

Document date · September 15, 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
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Approximately $500 per month in interest earned; deposits totaled several million dollars; fees not specified
Contract type
FINANCIAL_SERVICES
Contract term
Long-standing banking relationship; ongoing as of September 2026
Renewal
No renewal terms stated. The relationship was under review, with potential transition to a new banking provider following a future selection process.
Document type
AgendaPacket
Source document
Mid-Willamette Valley Council of Governments AgendaPacket Board of Directors Meeting 2026-09-15

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Salem-Keizer Area Transportation Study?

Wells Fargo was awarded this financial services contract by Salem-Keizer Area Transportation Study, as recorded on September 15, 2026. The contract value is Approximately $500 per month in interest earned; deposits totaled several million dollars; fees not specified.

How much is the Wells Fargo contract with Salem-Keizer Area Transportation Study worth?

The Wells Fargo contract with Salem-Keizer Area Transportation Study is valued at Approximately $500 per month in interest earned; deposits totaled several million dollars; fees not specified, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Mid-Willamette Valley Council of Governments AgendaPacket Board of Directors Meeting 2026-09-15 (AgendaPacket), dated September 15, 2026 from Salem-Keizer Area Transportation Study. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Wells Fargo hold?

Wells Fargo 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 Salem-Keizer Area Transportation Study currently buying?

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