HomeMy WebLinkAbout2023-103-02.20.2023 (RESCINDED) Prepared by LeAnn M. Even, Deputy Clerk City of Waterloo, 715 Mulberry Street, Waterloo, IA
50703, (319) 291-4323.
RESOLUTION NO. 2023-103
RESOLUTION NAMING DEPOSITORIES FOR THE CITY OF
WATERLOO, IOWA, AND RESCINDING RESOLUTION NO.
2020-46 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:
mum it
Under Th
Name of Depository Location olution
Bank Iowa Waterloo, IA $10,000,000
Community Bank&Trust Waterloo, IA $20,000,000
Farmers State Bank Waterloo, $99,000,000
First Security State Bank EvansdAle, IA 2,000,000
Great Western Bank Waterloo, $10,000,000
Iowa Public Agency Investment Trust Des Moines, $50,000,000
NXT Bank Waterloo, IA $ 2,000,000
MidwestOne Bank&Trust terloo, IA $ 2,000,000
Public Employees Credit Union aterloo, 18, $ 250,000
Regions Bank Waterloo, IA $99,000,000
Stifel Nicolaus&Company Wate IA $ 500,000
Trust Lincoln Savings Ba terl o, IA $40,000,000
UMB Bank(formerly Ba rs Trust) D oines,IA $50,000,000
US Bank aterloo, IA $15,000,000
Veridian Credit pion Waterloo, IA $ 250,000
Wells Fargo B Waterloo, IA $50,000,000
BE I T R SOL D that Resolution No. 2020-46 be hereby rescinded in its
entirety.
P T this 20t'day of February 2023.
Ray Feuss, Mayor Pro Tern
ATTEST:
LeAnn M. Even, Deputy City Clerk
SEAL
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Prepared by LeAnn M. Even, Deputy Clerk City of Waterloo, 715 Mulberry Street, Waterloo, IA
50703, (319) 291-4323.
RESOLUTION NO. 2023-103
RESOLUTION NAMING DEPOSITORIES FOR THE CITY OF
WATERLOO, IOWA, AND RESCINDING RESOLUTION NO.
2020-46 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:
Name of Depository
Bank Iowa
Community Bank & Trust
Farmers State Bank
First Security State Bank
Great Western Bank
Iowa Public Agency Investment Trust
NXT Bank
MidwestOne Bank & Trust
Public Employees Credit Union
Regions Bank
Stifel Nicolaus & Company, Inc.
Trust Lincoln Savings Bank
UMB Bank (formerly Bankers Trust)
US Bank
Veridian Credit Union
Wells Fargo Bank, N.A.
BE
entirety.
Location
Waterloo, IA
Waterloo, IA
Waterloo, IA
Evansdale, IA
Waterloo, IA
Des Moines,IA
Waterloo, IA
Waterloo, IA
Waterloo, IA
Waterloo, IA
Waterloo, IA
Waterloo, IA
Des Moines,IA
Waterloo, IA
Waterloo, IA
Waterloo, IA
Maximum Deposit
Under This
Resolution
$10,000,000
$20,000,000
$99,000,000
$ 2,000,000
$10,000,000
$50,000,000
$ 2,000,000
$ 2,000,000
$ 250,000
$99,000,000
$ 500,000
$40,000,000
$50,000,000
$15,000,000
$ 250,000
$50,000,000
IT FURTHER RESOLVED that Resolution No. 2020-46 be hereby rescinded in its
PASSED AND ADOPTED this 20th day of February 2023.
ATTEST:
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LeAnn M. Even, Deputy City Clerk
SEAL
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Ray Feuss, Mayor Pro Tem