City of Greendale Board of Alderpersons Meeting Minutes March 2026
City Collateralizes Deposits with Simmons Bank
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Description
The City of Greendale worked with Simmons bank to secure collateral for $179,000 in previously unsecured municipal deposits. Documentation for the revised collateralization arrangement is expected by the end of the month.
Contract Details
Contract Amount
$179,000 (collateralized deposits)
Vendor
SIMMONS BANK
Agency
City of Greendale, MO
Contract Type
FINANCIAL_SERVICES
Document Date
March 17, 2026
Renewal Info
Existing depository relationship is being updated to collateralize $179,000 in deposits as identified in the audit report.
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City of Greendale Board of Alderpersons Meeting Minutes March 2026
City of Greendale Board of Alderpersons Meeting Minutes March 2026
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