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City authorizes use of American Deposit Management Company

City of Novi logoCity of Novi
Document date
Apr 20, 2026

The 30-second brief

What it covers

Robinson Capital Management, LLC is authorized to establish a Deposit Account Agency Agreement with American Deposit Management Company for the City of Novi’s Deposit in Place Program. ADM will allocate municipal funds among insured depository institutions and manage FDIC/NCUA coverage for the City’s cash balances.

Who holds it

American Deposit Management Company holds this financial services contract with City of Novi. Its other public contracts on record include work for Marquette County and City of Whitewater.

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Contract details

Contract type
Financial Services
Document date
April 20, 2026
Vendor
American Deposit Management Company
Agency
City of Novi
Source document
City of Novi Robinson Capital Management Agreement April 2026 (Agreement)

American Deposit Management Company's other public contracts

Marquette County, WisconsinCounty Investment Holdings Maintained With American Deposit Management · Nov 5, 2026UndisclosedCity of Whitewater, WisconsinLibrary Closes ADM Investment Account After Fund Transfer · Aug 17, 2026UndisclosedCity of Whitewater, WisconsinLibrary Uses ADM for Interest-Bearing Investment Account · Jul 20, 2026UndisclosedCity of Novi, MichiganNovi Authorizes Deposit Program with ADM via Advisor · May 4, 2026UndisclosedTwo Rivers School District, WisconsinAmerican Deposit Management Named Official Depository · Apr 27, 2026UndisclosedAll American Deposit Management Company contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by City of Novi?

American Deposit Management Company was awarded this financial services contract by City of Novi, as recorded on April 20, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agreement record.

Where was this contract approved?

This contract appears in City of Novi Robinson Capital Management Agreement April 2026 (Agreement), dated April 20, 2026 from City of Novi. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does American Deposit Management Company hold?

American Deposit Management Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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