Montgomery County Municipal Utility District No. 127 Agenda Packet 2026-05-19
Wells Fargo Maintains Depository Services for District Funds
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Description
Wells Fargo Bank continues to serve as the depository bank for Montgomery County MUD 127 under a pledge agreement initiated in November 2015, with collateral monitored daily to secure District funds. The April 2026 report confirms active depository and collateral arrangements.
Contract Details
Vendor
WELLS FARGO BANK
Agency
West Harris County Mud 7, TX
Contract Type
FINANCIAL_SERVICES
Document Date
May 19, 2026
Contract Term
Depository relationship active as of April 2026; pledge agreement signed November 2015
Renewal Info
Depository pledge agreement in place since November 2015; minutes confirming collateral pledge recorded February 2016; continues unless re-bid or terminated.
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Montgomery County Municipal Utility District No. 127 Agenda Packet 2026-05-19
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