HomeMy WebLinkAbout~Master - Naming of City's Depositories RESOLUTION NO.10-155
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 Balance Maximum Balance
in Effect Under in Effect Under
Depository Name Location Prior Resolution This Resolution
US Bank Ames 405 Main, Ames, IA $ 25,000,000 $ 25,000,000
Exchange State Bank Collins, IA Charter 15,000,000 15,000,000
Wells Fargo Bank 666 Walnut, Des Moines,
Iowa 25,000,000 25,000,000
Ames City Employees 212 E Lincoln Way, Ames,
Credit Union IA 100,000 100,000
Bankers Trust 665 Locust, Des Moines, IA 25,000,000 25,000,000
First National Bank 5 & Burnett, Ames, IA 25,000,000 25,000,000
River Valley Credit
Union 2811 E. 13th, Ames, IA 100,000 100,000
Great Western Bank 402 Lincoln Way, Ames, IA
Branch 0 25,000,000
First Federal Savings 825 Central Avenue, Fort
Bank Dodge, IA 50501 (Home)
316 S Duff Ave, Ames, IA
Branch 25,000,000 25,000,000
First American Bank 1530 S. Duff, Ames, IA 25,000,000 25,000,000
Ames Community Bank 1200 S Duff Ave, Ames, IA 25,000,000 25,000,000
West Bank 1601 22" Street, 25,000,000 25,000,000
West Des Moines, IA
Principal Bank 711 High Street, 25,000,000 25,000,000
Des Moines, IA
Valley Bank 1103 Buckeye Ave, Suite 25,000,000 25,000,000
104 Ames, IA
Iowa Public Agency 1415 28t Street, Suite 200 15,000,000 15,000,000
Investment Trust IPAIT West Des Moines, IA
Bank of the West 525 Main Street Ames IA 25,000,000 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 April 27, 2010, 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 27th day of April, 2010.
C����� •
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Mailing Address: Telephone:
City of Ames 515-239-5105
515 Clark Avenue
Ames, IA 50010