Long Beach

City Council

June 09, 2026 Item #14

Agenda Item 14

14. 26-55243 Recommendation to adopt Specifications No. RFP FM-24-467 and award a\ncontract to U.S. Bank N.A., of Minneapolis, MN, for general banking services, in a\ntotal annual amount not to exceed $275,000, for a period of five years, with the\noption to renew for five additional one-year periods, at the discretion of the City\nManager; and, authorize City Manager, or designee, to execute all documents\nnecessary to enter into the contract, including any necessary subsequent\namendments. (Citywide)\nOffice or Department: Financial Management\nSuggested Action: Approve recommendation.