HomeMy WebLinkAbout2017-04-01/03/2017 (RESCINDED) Rescinded January 21, 2020 by Resolution No. 2020-46 to rename depositories and establish
maximum deposit amounts.
Prepared by LeAmt M. Even, Deputy Clerk City of Waterloo, 715 Mulberry Street,Waterloo,IA
50703, (319)291-4323.
RESOLUTION NO. 2017-04
RESOLUTION NAMING DEPOSITORIES FOR THE CITY OF
WATERLOO, IOWA, AND RESCINDING RESOLUTION NO.
2016-002 IN ITS ENTIRETY.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO,IOWA,that we
do hereby designate the following to be depositories of the City of Waterloo, Iowa, funds in the
amount not to exceed the aggregate amount named for the said financial insti ;u " *1 follows, to
wit:
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Name of Depository Location �� ,I„,u Res r: `: E;:4 �
Bank Iowa Waterloo��,- 1,III��`�� , 'll $ }x';000,000
Bankers Trust Company Des `miI es,IA ��� , ,, ,50,000,000
Community Bank&Trust Wa -rloi,,,,3• 11 $20,000,000
Farmers State Bank . loo, ; ,,,, $75,000,000
la
First Security State Bank Evans• e,IA' ”W,1 i $ 2,000,000
Iowa Public Agency Investment Trus'I; lJ�§i i , IA hill'x
� _ $50,000,000
�
NXT Bank ''late al�il iI �I+r, $ 1,000,000
MidwestOne Bank&Trust 1" V i rloo IA $ 1,000 000
Public Employees Credit ''is' : �i�`{, Watel �o IA $ 250,000
Regions Bank 1 'hi', 11'''
aterio,IA $60,000,000
Stifel Nicholaus&Com= y,Inc. ' rloo,IA $ 500,000
US Bank ' aterloo,IA $15,000,000
A l",Cliia",� }
Veridian Credi mon } I=, 1 Waterloo,IA $ 250,000
Wells Fargo B. ���. ,. { •� , „
1.1 "id ! I'l � Waterloo,IA $50,000,000
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it
BE IT,I” RT R ' SOL D that Resolution No. 2016-002 be hereby rescinded in its
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entirety.
P•#`3 !„€#'€ _p D • �,{t'T ► this 3rd day of January, 2017.
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Quentin Hart,Mayor
ATTEST:
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LeAnn . Even
Deputy ity Clerk