School District of the City of Dearborn Resolution Financial Institution Designations and Practices 2026-06-22
Dearborn Schools Sets Major Deposits With Comerica Bank
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Description
The School District of the City of Dearborn approved Comerica Bank as a depository institution with maximum deposits of $450 million plus $100 million in the COMERICA - J FUND investment pool. The resolution authorizes standard depository contracts, withdrawals, and use of facsimile signatures for district payments.
Contract Details
Contract Amount
Maximum deposit $450,000,000; COMERICA - J FUND investment pool maximum deposit $100,000,000
Vendor
COMERICA BANK
Agency
Dearborn City School District, MI
Contract Type
FINANCIAL_SERVICES
Document Date
June 22, 2026
Renewal Info
Designation remains in effect until written notice of change is served on the bank, per the resolution and related specimen signature certifications.
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