City of Somerville, Massachusetts - File #: 25-1384

• File #: 25-1384
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 9/4/2025
• In control: City Council
• On agenda: 9/11/2025
• Final action: 9/30/2025
• Enactment date: 9/25/2025
• Enactment #: 219505
• 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.
• Indexes: Finance-Assessing, Finance-Auditing, Finance-Budget, Finance-Grants Development, Finance-Procurement & Contracting Services, Finance-Treasury
• Code sections: Contract -

Date	Ver.	Action By	Action	Result
9/30/2025	1	City Council	Mayoral Approval
9/25/2025	1	City Council	Approved	Pass
9/23/2025	1	Finance Committee	Recommended to be approved	Pass
9/11/2025	1	City Council	Referred for recommendation

Agenda Summary

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.

body

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