HomeMy WebLinkAboutA010 - Letter from Nations Bank dated November 20, 1998Institutional Investment Sales
800 Market Street
P. 0. Box 14979
St, Louis, N10 63178-4979
NOV
Ms. Sherry Meier
City Treasurer
515 Clark Avenue
Ames, IA 50010
Dear Sherry:
On November 10, bidding with Brenton Bank, we were successful in purchasing the
$3.2MM general obligation bond issue offered by the city of Ames. I am sure you were
pleased by the interest shown in the bonds as evidenced by the nine bids that were placed
by the competing syndicates.
I arri writing to make you aware of the significant role Brenton Bank played in allowing us
to offer the city of Ames the lowest net interest cost on the bonds. Brenton placed the
entire issue into their investment portfolio. The bonds fulfilled the bank's desire to invest
money into the Iowa economy while maintaining superior credit quality in their holdings.
The commitment Brenton exhibited to the city of Ames was a major factor in achieving the
success and savings associated with the sale of the bonds.
If you would like further information please give me a call at 800-635-2628.
With best regards,
Le-�
Ross G. Elf'2rdv
Vice President
Funds Management
Member FDIC