American Bank designated as qualified investment broker
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Description
The Authority’s updated Investment Policy authorizes American Bank as a qualified broker/dealer for Fiscal Year 2024. This designation allows American Bank to participate in public funds investment transactions for the TIRZ.
Contract Details
Vendor
AMERICAN BANK
Agency
La Porte Area Water Authority, TX
Contract Type
FINANCIAL_SERVICES
Document Date
May 13, 2026
Contract Term
Authorized broker/dealer for Fiscal Year 2024 under Investment Policy
Renewal Date
2027-08-14
Renewal Info
Authorization tied to the August 14, 2025 Investment Policy and confirmed in May 2026 resolution; subject to future annual reviews.
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