SomervilleMeetings

25-1384 Mayor's Request Approved

Requesting approval to extend and amend a contract with Eastern Bank for an additional year until 8/31/2026, for the banking services of the Treasury Department.

From
Treasury
Introduced
Sep 4, 2025
Assigned to
City Council
Enactment #
219505
View on Legistar

History

  1. Sep 30, 2025
    City Council Mayoral Approval
  2. Sep 25, 2025
    City Council Approved · roll call: pass Meeting agenda, item 6.A.6.
  3. Sep 23, 2025
    Finance Committee Recommended to be approved · roll call: pass Meeting agenda, item 16.
  4. Sep 11, 2025
    City Council Referred for recommendation Meeting agenda, item 7.5.

Official text

To the Honorable City Council:   The Mayor respectfully requests that this Council approve a contract extension with Eastern Bankshares, Inc. (Eastern Bank) for contract #230112 Banking Services and ATMs for an additional one year, there will be no change to current pricing. The new  expiration date will be 8/31/2026.   Appropriate staff will be available to answer any questions you may have. Thank you for your consideration of this item.   Respectfully submitted, Katjana Ballantyne, Mayor