City Increases Bank Depository Limit to $75M
City of IowaCity · Iowa City, IA- Disclosed value
- Maximum balance $75,000,000
- From agenda
- Document date
- Sep 1, 2026
The 30-second brief
The Iowa City Council will amend its depository resolution to reflect the transition of Two Rivers Bank and Trust to First Mid Bank & Trust and increase the City's maximum balance to $75 million. This change supports expanded municipal investment capacity.
Two Rivers Bank & Trust holds this financial services contract with City of Iowa. Its other public contracts on record include work for Floyd County and Des Moines County.
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Contract details
- Contract type
- Financial Services
- Amount
- Maximum balance $75,000,000
- Document date
- September 1, 2026
- Vendor
- Two Rivers Bank & Trust
- Agency
- City of Iowa
- Source document
- Iowa City City Council Formal Agenda 2026-09-01 (Agenda)
Two Rivers Bank & Trust's other public contracts
More City of Iowa contracts
Questions about this contract
Who was awarded the financial services contract by City of Iowa?
Two Rivers Bank & Trust was awarded this financial services contract by City of Iowa, as recorded on September 1, 2026. The contract value is Maximum balance $75,000,000.
How much is the Two Rivers Bank & Trust contract with City of Iowa worth?
The Two Rivers Bank & Trust contract with City of Iowa is valued at Maximum balance $75,000,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record.
Where was this contract approved?
This contract appears in Iowa City City Council Formal Agenda 2026-09-01 (Agenda), dated September 1, 2026 from City of Iowa. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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