HomeMy WebLinkAbout~Master - Update named depositories for City of Ames RESOLUTION NO. 16-152
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
Wells Fargo Bank 666 Walnut, Des Moines,
Iowa 40,000,000 40,000,000
Bankers Trust 665 Locust, Des Moines, IA 25,000,000 25,000,000
First National Bank 5` & Burnett, Ames, IA 40,000,000 40,000,000
Great Western Bank 402 Lincoln Way, Ames, IA
Branch 25,000,000 25,000,000
First American Bank 1530 S. Duff, Ames, IA 25,000,000 25,000,000
Vision Bank 1200 S Duff Ave, Ames, IA 0 25,000,000
West Bank 1601 22 ndStreet, 25,000,000 25,000,000
West Des Moines, IA
Great Southern Bank 1103 Buckeye Ave, Suite 0 25,000,000
104 Ames, IA
Iowa Public Agency 1415 28` 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
River Valley Credit Union 2811 E 131 Street 100,000 100,000
Community Choice 212 E Lincoln Way 0 100,000
Credit Union
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 12, 2016, 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 12t" day of April, 2016.
Ann H. Campbell, Mayoir Diane R. Voss, City Clerk
Mailing Address: Telephone:
City of Ames 515-239-5105
515 Clark Avenue
Ames, IA 50010