DART Commission Meeting Agenda Packet August 2025
Midwest Heritage Bank CD Included In DART Portfolio
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Description
DART’s reserve portfolio includes a certificate of deposit with Midwest Heritage Bank that generated interest income in Q4 FY2025. The CD is scheduled to mature in the second half of 2025.
Contract Details
Vendor
MIDWEST HERITAGE BANK
Agency
Des Moines Metropolitan Transit Authority, IA
Contract Type
FINANCIAL_SERVICES
Document Date
August 5, 2025
Contract Term
Matures between July 2025 and November 2025 (CDs)
Renewal Date
2025-11-30
Renewal Info
Time deposit set to mature by late 2025; rollover or renewal decisions will be made upon maturity.
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Special District
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