HomeMy WebLinkAbout~Master - Bank Depository Update RESOLUTION NO. 24-012
RESOLUTION NAMING DEPOSITORIES
FOR THE CITY OF AMES,IOWA
NOW, THEREFORE, BE IT 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 424 Main Street 40,000,000 40,000,000
Bankers Trust 3725 Stange Road 25,000,000 25,000,000
First National Bank 405 5th Street 40,000,000 50,000,000
First Interstate Bank 316 S. Duff Avenue 25,000,000 25,000,000
Availa 1530 S. Duff, Ames, IA 25,000,000 25,000,000
Vision Bank 1200 S. Duff Ave, Ames, IA 25,000,000 25,000,000
Northwest Bank 100 S. 16th Street 0 25,000,000
Iowa Public Agency 4200 University Avenue, 15,000,000 15,000,000
Investment Trust(IPAIT) Suite 114 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. 13th Street 100,000 100,000
Community Choice Credit 212 E. Lincoln Way 100,000 100,000
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 January 23, 2024, 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 23rd day of January,2024.
John Haila, Mayor Renee all, City Clerk
Mailing Address: Telephone:
City of Ames 515-239-5105
515 Clark Avenue
Ames, IA 50010