Civic IQ
CONTRACTONGOING
Get alerts

Preferred Bank Holds $54M in NYCLASS FDIC Deposits

Town of Colton
Disclosed value
$54M
From report
Document date
Jul 1, 2026

The 30-second brief

What it covers

NYCLASS invests $54 million in FDIC insured deposits at Preferred Bank, benefiting from full or greater FDIC coverage. These balances support secure, short-term cash management for the cooperative.

Who holds it

Preferred Bank holds this financial services contract with Town of Colton. Its other public contracts on record include work for Burnet Consolidated ISD and Mundelein ESD 75.

See every contract and contact at Town of Colton.

See every contract

Free account · 30-second setup · No credit card

Contract details

Contract type
Financial Services
Amount
$54M
Document date
July 1, 2026
Vendor
Preferred Bank
Agency
Town of Colton
Source document
NYCLASS Special Report NYCLASS Collateral 2026-07-01 (Report)

Preferred Bank's other public contracts

Burnet Consolidated ISD, TexasPreferred Bank Certificate of Deposit Held · Sep 30, 2026$240KMundelein ESD 75, IllinoisDistrict Reports Preferred Bank Certificate Of Deposit · Sep 21, 2026$243.1KCity of Alhambra, CaliforniaCity Holds CD Investment with Preferred Bank · Aug 24, 2026Town of Colton, New YorkPreferred Bank FDIC‑Insured Deposits for NYCLASS · Aug 1, 2026$54MBroadalbin-Perth Central School District, New YorkNYCLASS Holds $54 Million Preferred Bank Deposit · Jun 30, 2026$54MAll Preferred Bank contractsVendor profile

More Town of Colton contracts

ROEMERColton Proposes Legal Services Budget for Roemer · Oct 20, 2026CSTColton Reviews CST ADA Website Compliance Quote · Sep 16, 2026UndisclosedNYMIRNYMIR Arranges Colton Annual Compliance Training · Sep 16, 2026UndisclosedABSColton Implements ABS Scanner Printer Contract Change · Sep 16, 2026UndisclosedSuny PotsdamColton Plans SUNY Potsdam Conference Registrations · Sep 16, 2026All Town of Colton activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Town of Colton?

Preferred Bank was awarded this financial services contract by Town of Colton, as recorded on July 1, 2026. The contract value is $54M.

How much is the Preferred Bank contract with Town of Colton worth?

The Preferred Bank contract with Town of Colton is valued at $54M, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in NYCLASS Special Report NYCLASS Collateral 2026-07-01 (Report), dated July 1, 2026 from Town of Colton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

Show 2 more questions

What other contracts does Preferred Bank hold?

Preferred 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.

What is Town of Colton currently buying?

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

Work in government? Get Civic IQ free →
More Town of Colton contracts →Browse all agencies in New York →