City of Havre Pledged Securities and Cash in Bank Report March 2026
Independence Bank securities pledged for Havre deposits
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Description
The City of Havre’s Finance Committee certified that Independence Bank has pledged $3.2 million in securities to collateralize the city’s public deposits as of March 31, 2026. The pledged collateral exceeds the minimum required pledge of approximately $1.0 million, ensuring legal coverage of city funds held at the bank.
Contract Details
Vendor
INDEPENDENCE BANK
Agency
City of Havre, MT
Contract Type
FINANCIAL_SERVICES
Document Date
March 31, 2026
Renewal Info
Ongoing public funds depository and collateralization arrangement; no specific renewal or end date stated in the report.
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