City of Kannapolis City Council Business Meeting Agenda May 2026
Council Designates JPMorgan Chase as Official Depository
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Description
Kannapolis City Council unanimously approved a resolution designating JPMorgan Chase Bank as an official depository for the City. The new account will support a transition in utility payment processing and provide fee-offsetting earnings credits and compliance with NACHA validation requirements.
Contract Details
Vendor
JPMORGAN CHASE BANK
Agency
City of Kannapolis, NC
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Renewal Info
Initial designation of JPMorgan Chase Bank as an official depository; no specific renewal or end date stated. Relationship continues until changed by future council action.
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