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FINANCIAL_SERVICESDISCUSSSED

Troy, NY Local Development Corporation Audit & Finance Committee Meeting Agenda 2026-05-01

Troy LDC Reviews Collateralization of M&T Investment Account

City of TroyM&TMay 1, 2026

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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 Troy, NY Local Development Corporation’s Audit & Finance Committee discussed ensuring that a large bond-related deposit held in an investment account with M&T is adequately collateralized. Staff are working to obtain documentation from M&T and to update the organization’s investment policy for future transactions.

Contract Details

Vendor

M&T

Agency

City of Troy, NY

Contract Type

FINANCIAL_SERVICES

Document Date

May 1, 2026

Renewal Info

Existing financial services relationship involving an investment account; committee is reviewing collateralization and investment policy but no formal renewal or amendment terms are described.

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