City of Riverside Council Meeting Minutes December 2025
City Depository Designation to Farmer’s and Merchants Savings Bank
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Description
The City Council designated Farmer’s and Merchants Savings Bank as a city depository for 2026, with a maximum deposit limit of $15 million.
Contract Details
Contract Amount
Maximum deposit of $15,000,000.00
Vendor
FARMER’S & MERCHANTS SAVINGS BANK
Agency
City of Riverside, IA
Contract Type
FINANCIAL_SERVICES
Document Date
December 15, 2025
Contract Term
2026
Renewal Date
2026-12-31
Renewal Info
2026 designation, likely to be reviewed annually.
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