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Preferred Bank FDIC‑Insured Deposits for NYCLASS

Town of Colton
Disclosed value
$54M
From report
Document date
Aug 1, 2026
Term
As of 08/31/26

The 30-second brief

What it covers

Preferred Bank hosts approximately $54 million in FDIC‑insured deposits for NYCLASS as of August 31, 2026, contributing to the pool’s secure cash options.

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.

What happens next

Term as filed: As of 08/31/26.

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Contract details

Contract type
Financial Services
Amount
$54M
Document date
August 1, 2026
Term
As of 08/31/26
Vendor
Preferred Bank
Agency
Town of Colton
Source document
Town of Colton Report NYCLASS Collateral Report 2026-08-01 (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 Holds $54M in NYCLASS FDIC Deposits · Jul 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

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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 August 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 Town of Colton Report NYCLASS Collateral Report 2026-08-01 (Report), dated August 1, 2026 from Town of Colton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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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.

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