City Funds Held In Prosperity Bank Checking Accounts

The City of Aransas Pass maintains an ongoing depository relationship with Prosperity Bank, where approximately 5.23% of operating funds are held in interest-bearing checking accounts collateralized above FDIC limits. The arrangement complies with the City’s investment policy and state public funds requirements.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Renewal

Bank must collateralize all City funds over $250,000 at a minimum of 102% per the City’s investment policy and contract; no explicit renewal date is provided in the report.

Document type

Agenda

Source document

City of Aransas Pass City Council Agenda 2026-07-20

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Aransas Pass city?

Prosperity Bank was awarded this financial services contract by City of Aransas Pass city, as recorded on July 20, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Aransas Pass City Council Agenda 2026-07-20 (Agenda), dated July 20, 2026 from City of Aransas Pass city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Prosperity Bank hold?

Prosperity Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Aransas Pass city currently buying?

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