Troy LDC Reviews Collateralization of M&T Investment Account
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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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