FINANCIAL_SERVICESRECOMMENDED

City Urged To Renew U.S. Bank As Central Depository

Troy’s Auditor recommends continuing U.S. Bank National Association as the City’s central depository for public funds for the next five years under the Uniform Depository Act. Council is being asked to authorize the new depository period before current agreements expire on August 22, 2026.

Status
RECOMMENDED
Document date
July 26, 2026
Contract type
FINANCIAL_SERVICES
Vendor
U.s. Bank National Association
Agency
Town of Troy · OH

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
Five-year depository period beginning August 23, 2026
Renewal
Uniform Depository Act requires the City to designate depositories every five years; this action would establish a new five‑year depository period to replace agreements expiring August 22, 2026.
Document type
AgendaPacket
Source document
Troy City Council Committee Meeting Agenda Packet 2026-07-27

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Troy?

U.s. Bank National Association was awarded this financial services contract by Town of Troy, as recorded on July 26, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Troy City Council Committee Meeting Agenda Packet 2026-07-27 (AgendaPacket), dated July 26, 2026 from Town of Troy. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does U.s. Bank National Association hold?

U.s. Bank National Association 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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