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City of Somerville header
File #: 25-1384    Version: 1
Type: Mayor's Request Status: Referred for Recommendation
File created: 9/4/2025 In control: Finance Committee
On agenda: 9/11/2025 Final action:
Enactment date: Enactment #:
Title: 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.  
Code sections: Contract -
Attachments: 1. Contract 230112 Eastern Bank

Agenda Summary

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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.

 

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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