FINANCIAL_SERVICESDISCUSSED

Town Discusses Parking Fund Investment with Truist Bank

Lauderdale-By-The-Sea discussed placing approximately $3 million of Parking Fund cash with Truist Bank through certificate-of-deposit options. Staff reported rates of 3.25% for three months and 3.40% for six months, with the investment retaining banking-service credits.

Document date · September 21, 2026

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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
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 $3 million proposed investment
Contract type
FINANCIAL_SERVICES
Contract term
Three-month or six-month certificate of deposit options
Renewal
Three-month and six-month certificate-of-deposit options were discussed; no investment authorization or maturity date was specified.
Document type
AgendaPacket
Source document
Town of Lauderdale-By-The-Sea AgendaPacket Regular Town Commission 2026-09-23

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Lauderdale-by-the-Sea?

Truist Bank was awarded this financial services contract by Town of Lauderdale-by-the-Sea, as recorded on September 21, 2026. The contract value is Approximately $3 million proposed investment.

How much is the Truist Bank contract with Town of Lauderdale-by-the-Sea worth?

The Truist Bank contract with Town of Lauderdale-by-the-Sea is valued at Approximately $3 million proposed investment, 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 Town of Lauderdale-By-The-Sea AgendaPacket Regular Town Commission 2026-09-23 (AgendaPacket), dated September 21, 2026 from Town of Lauderdale-by-the-Sea. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Truist Bank hold?

Truist 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 Town of Lauderdale-by-the-Sea currently buying?

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