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Town of Johnston Awards $70,000,000 Depository Services Contract to Bankers Trust (May 2025)

Town of Johnston
Disclosed value
$70,000,000
From resolution
Approved
May 19, 2025

The 30-second brief

What it covers

City of Johnston approves Banker's Trust Company as a depository for city funds, with a maximum deposit of $70,000,000.

Who holds it

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

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Contract details

Contract type
Depository Services
Amount
$70,000,000
Document date
May 19, 2025
Term
NA
Vendor
Bankers Trust
Agency
Town of Johnston
Source document
town-of-johnstonresolution2025-05-19_a78.pdf (Resolution)

Bankers Trust's other public contracts

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

More Town of Johnston contracts

Capital Waste ServicesCapital Waste Services to Replace Town Garbage Cans · Feb 9, 2026UndisclosedJohnston Development CorpTown Approves $5,000 Support for Peach Blossom Festival · Feb 9, 2026$5KLucas RefrigerationCouncil Approves $12,683 Refrigeration Bid · Jan 12, 2026$12.7KRecdesk LLCRecDesk: Modernizing Recreation with New Software Solution · Dec 9, 2025$4KSelf Regional HospitalSelf Regional Hospital to extend bus services · Jul 14, 2025UndisclosedAll Town of Johnston activityAgency profile

Questions about this contract

Who was awarded the depository services contract by Town of Johnston?

Bankers Trust was awarded this depository services contract by Town of Johnston, as recorded on May 19, 2025. The contract value is $70,000,000.

How much is the Bankers Trust contract with Town of Johnston worth?

The Bankers Trust contract with Town of Johnston is valued at $70,000,000, covering depository services work.

What type of contract is this?

This is a Depository Services contract, documented as a resolution record.

Where was this contract approved?

This contract appears in town-of-johnstonresolution2025-05-19_a78.pdf (Resolution), dated May 19, 2025 from Town of Johnston. 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 Town of Johnston currently buying?

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

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