VCU Maintains Bank of America Treasury Relationship
Virginia Commonwealth UniversityHigher Ed · Richmond, VA- Disclosed value
- $67.7M FY26 average general banking balance; $75M commercial-paper availability; $118.08M checking balance as of June 30, 2026
- From minutes
- Document date
- Sep 10, 2026
The 30-second brief
VCU continues its banking relationship with Bank of America for checking, general banking and commercial-paper services. Treasury materials reported a $67.7 million FY26 average general-banking balance and $75 million in commercial-paper availability.
Bank of America holds this financial services contract with Virginia Commonwealth University. Its other public contracts on record include work for Alaska Housing Finance Corporation and Mendocino City Community Services District.
Term as filed: Ongoing banking relationship; figures through June 30, 2026.
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Contract details
- Contract type
- Financial Services
- Amount
- $67.7M FY26 average general banking balance; $75M commercial-paper availability; $118.08M checking balance as of June 30, 2026
- Document date
- September 10, 2026
- Term
- Ongoing banking relationship; figures through June 30, 2026
- Vendor
- Bank of America
- Source document
- Virginia Commonwealth University Minutes Finance and University Resources Committee Meeting 2026-09-10 (Minutes)
Bank of America's other public contracts
More Virginia Commonwealth University contracts
Questions about this contract
Who was awarded the financial services contract by Virginia Commonwealth University?
Bank of America was awarded this financial services contract by Virginia Commonwealth University, as recorded on September 10, 2026. The contract value is $67.7M FY26 average general banking balance; $75M commercial-paper availability; $118.08M checking balance as of June 30, 2026.
How much is the Bank of America contract with Virginia Commonwealth University worth?
The Bank of America contract with Virginia Commonwealth University is valued at $67.7M FY26 average general banking balance; $75M commercial-paper availability; $118.08M checking balance as of June 30, 2026, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Virginia Commonwealth University Minutes Finance and University Resources Committee Meeting 2026-09-10 (Minutes), dated September 10, 2026 from Virginia Commonwealth University. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Bank of America hold?
Bank of America 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 Virginia Commonwealth University currently buying?
Explore Virginia Commonwealth University's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.