City of Johnston Awards Financial Services Contract to Banker's Trust Company (May 2025)

The City of Johnston reaffirmed Banker's Trust Company as a major depository with an unchanged $70 million cap on municipal funds. This maintains a primary banking relationship under the updated 2025 depository resolution.

Document date · May 19, 2025

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Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $70,000,000 on deposit

Contract type

FINANCIAL_SERVICES

Contract term

Effective May 19, 2025; resolution remains in effect until changed by Council

Renewal

Existing depository relationship renewed with the same maximum cap under Resolution 25-139; remains until superseded by a later resolution.

Document type

Resolution

Source document

City of Johnston Resolution Naming Depositories for Funds of the City of Johnston, Iowa 2025-05-19

Related contracts

Other contracts from Banker's Trust Company.

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City of Johnston Resolution Resolution No. 26-160 Naming Depositories for Funds 2026-09-08

APPROVED

City of Johnston, IowaNot to exceed $70,000,000Sep 8, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Johnston?

Banker's Trust Company was awarded this financial services contract by City of Johnston, as recorded on May 19, 2025. The contract value is Not to exceed $70,000,000 on deposit.

How much is the Banker's Trust Company contract with City of Johnston worth?

The Banker's Trust Company contract with City of Johnston is valued at Not to exceed $70,000,000 on deposit, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Johnston Resolution Naming Depositories for Funds of the City of Johnston, Iowa 2025-05-19 (Resolution), dated May 19, 2025 from City of Johnston. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Banker's Trust Company hold?

Banker's Trust 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.

View Banker's Trust Company's profile

What is City of Johnston currently buying?

Explore City of Johnston's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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