Security National Retained as Main City Depository Bank
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Description
The City of Sheldon reaffirmed Security National as the primary depository bank for city funds, with a capacity of up to $15,000,000.00 and a 5-year fixed rate arrangement ending July 2024.
Contract Details
Contract Amount
Deposit capacity up to $15,000,000.00
Vendor
SECURITY NATIONAL
Agency
City of Sheldon, IA
Contract Type
FINANCIAL_SERVICES
Document Date
January 3, 2024
Contract Term
August 1, 2019 – July 31, 2024
Renewal Date
2024-07-31
Renewal Info
Current 5-year term concludes July 31, 2024. City may extend or issue new RFP for next term.
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