CONTRACTAPPROVED

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

Disclosed value: Not to exceed $75,000,000 (deposit cap); From agenda
Approved: Feb 17, 2026

What it covers

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

Who holds it

Bankers Trust holds this financial services contract with City of Iowa. Its other public contracts on record include work for Des Moines Area Community College and City of Bettendorf.

What happens next

Term as filed: Open-ended; subject to revision by Council resolution.

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Contract details

Contract type: Financial Services
Amount: Not to exceed $75,000,000 (deposit cap)
Document date: February 17, 2026
Term: Open-ended; subject to revision by Council resolution
Vendor: Bankers Trust
Agency: City of Iowa
Source document: City of Iowa City Council Formal Agenda February 17 2026 (Agenda)

Bankers Trust's other public contracts

Des Moines Area Community College, IowaDMACC Reports Bankers Trust Money-Market Account · Oct 11, 2026$10.5M City of Bettendorf, IowaCity holds CD investment with Bankers Trust · Aug 18, 2026Undisclosed Mount Ayr Community School District, IowaBankers Trust Authorized as School District Depository · Jul 14, 2026Undisclosed Villisca Community School District, IowaBankers Trust Approved as Depository up to $1M · Jul 9, 2026 Iowa Racing and Gaming Commission | State of Iowa, IowaBankers Trust Wild Rose Financing Approved · Apr 23, 2026Undisclosed All Bankers Trust contractsVendor profile

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Questions about this contract

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.

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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.

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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