City of McGregor Resolution for Banking Purposes January 2026
McGregor Appoints People’s State Bank as City Depository
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Description
The City of McGregor passed a resolution approving People’s State Bank as its depository institution for checking account funds, with an authorized account balance limit of $4,000,000.00. The bank is authorized to hold and process city funds, with specific city officials designated as signatories.
Contract Details
Contract Amount
Up to $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Funds may be renewed, deposited, or withdrawn per authorized signatories; renewal or withdrawal follows set procedures; signatories updated effective January 31, 2026.
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