HomeMy WebLinkAbout2017-04-1/3/2017 Prepared by LeAnn 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 institutions as follows, to
wit:
Maximum Deposit
Under This
Name of Depository Location Resolution
Bank Iowa Waterloo,IA $20,000,000
Bankers Trust Company Des Moines,IA $50,000,000
Community Bank&Trust Waterloo,IA $20,000,000
Farmers State Bank Waterloo,IA $75,000,000
First Security State Bank Evansdale,IA $ 2,000,000
Iowa Public Agency Investment Trust Des Moines,IA $50,000,000
NXT Bank Waterloo,IA $ 1,000,000
MidwestOne Bank&Trust Waterloo,IA $ 1,000,000
Public Employees Credit Union Waterloo,IA $ 250,000
Regions Bank Waterloo,IA $60,000,000
Stifel Nicholaus&Company, Inc. Waterloo,IA $ 500,000
US Bank Waterloo,IA $15,000,000
Veridian Credit Union Waterloo,IA $ 250,000
Wells Fargo Bank,N.A. Waterloo,IA $50,000,000
BE IT FURTHER RESOLVED that Resolution No. 2016-002 be hereby rescinded in its
entirety.
PASSED AND ADOPTED this 3rd day of January, 2017.
Quentin Hart, Mayor
ATTEST:
LeAnn . Even
Deputy City Clerk