City of Zanesville Agenda Packet 2026-06-22
North Valley Bank Designated City Public Depository
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Description
The City of Zanesville designated North Valley Bank as a public depository for the 2026–2031 period, authorizing use of the bank for active, interim, and inactive deposits with an aggregate cap of $15 million. This expands the city's depository options while limiting total exposure to a single institution.
Contract Details
Contract Amount
Active Deposits: $15,000,000.00; Interim Deposits: $15,000,000.00; Inactive Deposits: $15,000,000.00 (aggregate deposits not to exceed $15,000,000.00 total)
Vendor
NORTH VALLEY BANK
Agency
City of Zanesville, OH
Contract Type
FINANCIAL_SERVICES
Document Date
June 22, 2026
Contract Term
June 1, 2026 – May 31, 2031
Renewal Date
2031-05-31
Renewal Info
Five‑year depository designation effective 2026‑06‑01 through 2031‑05‑31, with a total aggregate cap of $15 million across all deposit types.
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