HomeMy WebLinkAbout2023-227-04.17.2023Prepared by LeAnn M. Even, Deputy Clerk City of Waterloo, 715 Mulberry Street, Waterloo, IA
50703, (319) 291-4323.
RESOLUTION NO. 2023-227
RESOLUTION NAMING DEPOSITORIES FOR THE CITY OF
WATERLOO, IOWA, AND RESCINDING RESOLUTION NO.
2023-103 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.
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
$150,000,000
$ 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
BE IT FURTHER RESOLVED that Resolution No. 2023-103 be hereby rescinded in its
entirety.
PASSED AND ADOPTED this 17th day of April 2023.
ATTEST:
DIGITALLY
SIGNED
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LeAnn M. Even, Deputy City Clerk
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Quentin Hart, Mayor