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FINANCIAL_SERVICESONGOING

city-of-sheldon-regular-city-council-meeting-agenda-january-3-2024_863.pdf

Security National Retained as Main City Depository Bank

Deposit capacity up to $15,000,000.00City of SheldonSECURITY NATIONALJanuary 3, 2024

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

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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