City of Zanesville Agenda Packet 2026-06-22
Park National Bank Named City Public Depository
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Description
Council designated Park National Bank as a public depository for City funds from June 1, 2026 through May 31, 2031, with up to $40 million in combined active, interim, and inactive deposits. The ordinance ensures Park National Bank can legally hold and manage specified categories of municipal deposits under Ohio depository law.
Contract Details
Contract Amount
Active Deposits: $5,000,000.00; Interim Deposits: $10,000,000.00; Inactive Deposits: $25,000,000.00
Vendor
PARK NATIONAL BANK
Agency
City of Zanesville, OH
Contract Type
FINANCIAL_SERVICES
Document Date
June 22, 2026
Contract Term
June 1, 2026 – May 31, 2031
Renewal Date
2031-05-31
Renewal Info
Five‑year public depository designation beginning 2026‑06‑01 and ending 2031‑05‑31; future depository periods must be re‑authorized by Council under ORC 135.12.
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