HomeMy WebLinkAbout2020-46-01.21.2020 (RESCINDED) Prepared by LeAnn M. Even, Deputy Clerk City of Waterloo, 715 Mulberry Street, Waterloo, IA
50703, (319) 291-4323.
RESOLUTION NO. 2020-46
RESOLUTION NAMING DEPOSITORIES FOR THE CITY OF
WATERLOO, IOWA, AND RESCINDING RESOLUTION NO.
2017-004 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 institutions as follows,to wit:
in Deposit
This
Name of Depository Location Res on
Bank Iowa Waterloo, 10,00 00
Community Bank&Trust Waterloo, IA , 00
Farmers State Bank Waterloo, I $7 , 0,000
First Security State Bank Evansdale, IA 2,000,000
Great Western Bank Waterloo, IA 10,000,000
Iowa Public Agency Investment Trust Des Moine IA $50,000,000
Trust Lincoln Savings Bank Waterloo, $40,000,000
NXT Bank Waterloo, $ 2,000,000
MidwestOne Bank&Trust Waterloo Ij $ 2,000,000
Public Employees Credit aterloo, $ 250,000
Regions Bank Waterloo, IA $60,000,000
Stifel Nicolaus&Co m y, Inc. Wat , IA $ 500,000
UMB Bank(fo B ers Trust) Mo. es,IA $50,000,000
US Bank erloo, IA $15,000,000
Veridian edi ion aterloo, IA $ 250,000
Wells F Ba Waterloo, IA $50,000,000
BE IT FURTHER RESOL that Resolution No. 2017-04 be hereby rescinded in its
entire
PA ADO is 21gt day of January 2020.
Quentin Hart, Mayor
ATTEST:
Kelley Felchle
City Clerk