HomeMy WebLinkAbout~Master - Increase in banking depository limits RESOLUTION NO. 03-236
RESOLUTION NAMING DEPOSITORIES
RESOLVED, that the City of Ames, Iowa, in Story County, Iowa, approves the
following list of financial institutions to be depositories of the City of Ames funds
in conformance with all applicable provisions of Iowa Code Chapter 12C.2
(1993). The City Treasurer is hereby authorized to deposit the City of Ames
funds in amounts not to exceed the maximum approved for each respective
financial institution as set out below.
Maximum Maximum
Balance in Effect Balance in Effect
Under Prior Under This
Depository Name Location Resolution Resolution
US Bank Ames 405 Main, Ames, IA $ 22,000,000 $25,000,000
Exchange State Bank Collins, IA Charter 15,000,000 15,000,000
Wells Fargo Bank 666 Walnut, Des Moines,
Ames City Employees Iowa 22,000,000 25,000,000
Credit Union 107 High,Ames, IA 100,000 100,000
Bankers Trust 665 Locust, Des Moines,
IA 5,000,000 5,000,000
First National Bank 51n& Bumett, Ames, IA 22,000,000 25,000,000
River Valley Credit
Union 2811 E. 12'h, Ames, IA 100,000 100,000
F& M Bank 402 Lincoln Way,Ames, IA
Branch 22,000,000 25,000,000
First Federal Savings 825 Central Avenue, Fort
Bank Dodge, IA 50501 (Home)
107 Main Street, Arnes, IA
Branch 22,000.000 25,000,000
First American Bank 1530 S. Duff,Ames, IA 22,000,000 25,000,000
Ames Community Bank 107 Main Street, Ames, IA 1 15,000,000 25,000,000
CERTIFICATION. I hereby certify that the foregoing is a true and correct copy of
a resolution of the City Council of the City of Ames, Iowa, adopted at a meeting
of said public body, duly called and held on June 24, 2003
a quorum being present, as said resolution remains of record in the minutes of
said meeting, and it is now in full force and effect. Dated this 24th day of
June , 2003.
Ted Tedesco, Mayor Diane Voss, City Clerk
Mailing Address: Telephone:
City of Ames 515-239-5105
515 Clark Avenue
Ames, lA 50010