FINANCIAL_SERVICESAPPROVED

City of Iowa Awards Financial Services Contract to Bankers Trust (February 2026)

City Council approved an increase in maximum authorized deposits at Bankers Trust to $75 million, allowing the City to accommodate larger investment balances.

Status
APPROVED
Document date
February 17, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Bankers Trust
Agency
City of Iowa · IA

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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

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $75,000,000 (deposit cap)
Contract type
FINANCIAL_SERVICES
Contract term
Open-ended; subject to revision by Council resolution
Renewal
Limits may be changed by subsequent resolutions as needed.
Document type
Agenda
Source document
City of Iowa City Council Formal Agenda February 17 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Iowa?

Bankers Trust was awarded this financial services contract by City of Iowa, as recorded on February 17, 2026. The contract value is Not to exceed $75,000,000 (deposit cap).

How much is the Bankers Trust contract with City of Iowa worth?

The Bankers Trust contract with City of Iowa is valued at Not to exceed $75,000,000 (deposit cap), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Iowa City Council Formal Agenda February 17 2026 (Agenda), dated February 17, 2026 from City of Iowa. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bankers Trust hold?

Bankers Trust may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Bankers Trust's profile

What is City of Iowa currently buying?

Explore City of Iowa's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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