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Novi Authorizes Deposit Program with ADM via Advisor

City of Novi logoCity of Novi
Document date
May 4, 2026

The 30-second brief

What it covers

Robinson Capital Management is authorized to execute a Deposit Account Agency Agreement with American Deposit Management Company for the City of Novi’s participation in a Deposit in Place Program. Under this arrangement ADM will place City funds in FDIC- or NCUA-insured depositories and manage insurance coverage, with fees paid by the City.

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
May 4, 2026
Vendor
American Deposit Management Company
Agency
City of Novi
Source document
City of Novi Contract with Robinson Capital Management May 2026 (Contract)

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, 2026UndisclosedTwo Rivers School District, WisconsinAmerican Deposit Management Named Official Depository · Apr 27, 2026UndisclosedCity of Novi, MichiganCity authorizes use of American Deposit Management Company · Apr 20, 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 May 4, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Novi Contract with Robinson Capital Management May 2026 (Contract), dated May 4, 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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