Banking Resolution Approved with People’s State Bank
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Description
The City of McGregor approved a resolution designating People’s State Bank as its depository for city funds with a maximum deposit limit of $4,000,000. Authorized officers are permitted to sign financial documents effective January 31, 2026.
Contract Details
Contract Amount
Limit of $4,000,000.00
Vendor
PEOPLE’S STATE BANK
Agency
City of McGregor, IA
Contract Type
FINANCIAL_SERVICES
Document Date
January 31, 2026
Renewal Info
Funds may be renewed or withdrawn by authorized personnel per resolution; ongoing banking arrangement until amended.
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