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Leader Bank Manages Portion Of City Cash

City of Somersworth
Document date
Apr 3, 2023

The 30-second brief

What it covers

Somersworth maintains more than $4 million of General Fund cash with Leader Bank at a 3.04% interest rate, as part of its broader portfolio of banking relationships. The deposits support liquidity and earnings on municipal funds.

Who holds it

Leader Bank holds this financial services contract with City of Somersworth. Its other public contracts on record include work for Billerica School District and Town of Belmont.

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Contract details

Contract type
Financial Services
Document date
April 3, 2023
Vendor
Leader Bank
Agency
City of Somersworth
Source document
city_of_somersworth_resolution_42_23.pdf (Resolution)

Leader Bank's other public contracts

Billerica School District, MassachusettsSchool Discusses Scoreboard Sponsorship With Leader Bank · Oct 16, 2026UndisclosedTown of Belmont, MassachusettsLeader Bank Purchase of Leonard Street Property Discussed · Aug 31, 2026UndisclosedDerry Housing & Redevelopment Authority, New HampshireLeader Bank Secures Funds With Competitive Interest Rates · Feb 4, 2025UndisclosedTown of Derry, New HampshireTown Deposits Funds with Leader Bank at 4.25–4.59% · Feb 4, 2025UndisclosedCity of Glendora, CaliforniaCity Holds 5.2% CD With Leader Bank · Oct 31, 2024UndisclosedAll Leader Bank contractsVendor profile

More City of Somersworth contracts

Stepping Stones Masonry of Barrington NhFurber Chapel Wall Contract Recommended to Stepping Stones · Sep 21, 2026GMIGMI Continues Somersworth Street Paving Project · Sep 21, 2026UndisclosedHorsley Witten GroupSomersworth Approves Horsley Witten Review Services Contract · Sep 21, 2026UndisclosedNELCNELC Seasonal Cemetery Mowing Expected To End · Sep 21, 2026UndisclosedSRPCSRPC Continuing Cemetery Map Update Work · Sep 21, 2026UndisclosedAll City of Somersworth activityAgency profile

Questions about this contract

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

Leader Bank was awarded this financial services contract by City of Somersworth, as recorded on April 3, 2023.

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 city_of_somersworth_resolution_42_23.pdf (Resolution), dated April 3, 2023 from City of Somersworth. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Leader Bank hold?

Leader 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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What is City of Somersworth currently buying?

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

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