City of Whitewater Library Board of Trustees Agenda Packet May 2026
Library Manages Funds via American Deposit Management
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Description
Irvin L. Young Memorial Library continues its relationship with American Deposit Management LLC for a money market investment program, with a $350,736.18 withdrawal transferred to First Citizens State Bank in April 2026. ADM provides interest-bearing deposit management and applies program fees for its services.
Contract Details
Vendor
AMERICAN DEPOSIT MANAGEMENT LLC
Agency
City of Whitewater, WI
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Renewal Info
Ongoing deposit placement program; interest rate and program fee may adjust periodically based on market conditions.
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